April 12, 2021

Burford Capital Ltd is planning to raise US $400 million in senior notes, which represents the largest capital raising in the company's history. The funder plans to use the proceeds for general corporate purposes, including the potential repayment or retirement of existing indebtedness.
UK-based Manolete Partners has announced that it is partnering with law firm Penningtons Manches Cooper LLP to offer a solution for insolvency practitioners to pursue business interruption claims against insurers on behalf of insolvent estates. Manolete is looking to take assignments of the claims in exchange for a non-refundable, initial cash consideration payment to the estate and at least a 50% share of the net proceeds.
Omni Bridgeway is offering a litigation funding arrangement to holders of the Folli Follie Bonds issued by FF Group Finance Luxembourg II SA and guaranteed by Folli Follie Commercial Manufacturing and Technical S.A.. Alcimos Limited is assisting Omni Bridgeway in its efforts to assemble a group of claimants in relation to the proposed litigation funding arrangement.

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