Manolete, the leading UK insolvency LitFin firm, recently secured a GBP 35 million funding package in support of its plans for future growth. The London-based funder focuses on specialist recovery litigation across the UK.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
Manolete, the leading UK insolvency LitFin firm, recently secured a GBP 35 million funding package in support of its plans for future growth. The London-based funder focuses on specialist recovery litigation across the UK.
Bdaily News details that the company currently manages more than 260 insolvency cases. Part of the incoming package, which includes a GBP 25 million revolving credit facility and a GBP 10 million uncommitted accordion, will be used to invest in new cases over the coming years.
Manolete CFO Mark Tavener affirms that a core value of the company is to address inefficiency in insolvency litigation–and to always scale up.
