Manolete reports results for the year ended 31 March 2021

Insolvency litigation funder Manolete Partners has released its full year results for the year ended 31 March 2021. Despite government measures that suppressed the number of insolvencies, the company made a record 198 new case investments in the year and a further record 135 case completions. Manolete reported an average Money Multiple of 2.7x and ROI of 168% on 388 completed cases since inception. Read more.

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Manolete Partners Appoints Former PwC Partner to Board of Directors

UK-based Manolete Partners (MANO) has appointed the former PwC Director, Annie Devoy, as an independent Director and Chair of the Audit Committee since Jan. 5, 2022. The insolvency litigation financing company also says Lee Manning, who has been an independent Non-Executive Director and Chair of Manolete’s Audit Committee since November 2018, is stepping down from the Board from the same date.

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New Chair for Insolvency and Restructuring Trade Body in Wales

Bristol-based insolvency litigation specialist Charlotte May has been appointed as the chair of insolvency and restructuring trade body R3 in Wales. Charlotte, who is Associate Director for South West and Wales at Manolete, a UK-based insolvency litigation funder, takes over as chair from Philip Winterbourne, Partner at Temple Bright solicitors.

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London finance firm secures £35m HSBC funding package

Listed litigation funder Manolete has secured a £35m finance package from HSBC UK to support its future growth plans. The funding includes a £25m revolving credit facility with a £10m uncommitted accordion that will allow the company to invest in and fund new cases over the coming months and years. Manolete currently owns and manages over 260 insolvency cases.

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