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SPS Capital acquired by Vinci Partners

SPS Capital, a prominent Brazilian special situations fund with R$2.0 billion (USD $380 million) in assets under management, has been acquired by Vinci Partners, another leading alternative investment platform in Brazil. SPS Capital, together with PGMBM, is funding the high-profile claim against mining giant BHP in relation to the Fundão dam collapse.

In the News

BHP loses appeal to multibillion lawsuit over Samarco disaster

BHP, the world’s largest miner by market value, has lost an appeal in a London court seeking to block an over £5 billion lawsuit by 200,000 Brazilians over a deadly dam failure in Brazil seven years ago. The group claim is one of the largest in British legal history. PGMBM and SPS Capital are funding the claim.

New Fundings

PGMBM announces £100m funding partnership with North Wall Capital

International law firm PGMBM has announced a new £100 million funding partnership with North Wall Capital, bringing the total size of the partnership to £150 million. According to Bloomberg, the financing agreement allows PGMBM to only use the money for certain cases if they meet pre-agreed rules on what constitutes an ESG suit.

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Never miss a thing in the litigation finance market.