Manolete Partners

All articles about Manolete Partners.

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.

New Chair for Insolvency and Restructuring Trade Body in Wales

Manolete Partners

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.

London finance firm secures £35m HSBC funding package

bdaily.co.uk Manolete Partners

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.

Insolvency funder prepares for Covid caseload surge

Manolete Partners

Listed litigation funder Manolete has reported its highest number of case referrals since last summer, and is preparing for a surge in number of insolvency claims. Many are expected to involve allegedly fraudulent claims on the government’s emergency Covid support.

Bounce Back Loans – the Never Never Payday

Manolete Partners

Alison Kirby of Manolete Partners shares that her firm has been reviewing many potential claims relating to the improper use of the UK government's Bounce Back Loans and explains the types of claims that can be brought against companies and directors in relation to them.

Manolete appoints Lord Howard Leigh of Hurley as new chairman

Manolete Partners

Manolete (AIM: MANO), the UK-listed insolvency litigation financing company, has appointed Lord Howard Leigh of Hurley, a chartered accountant and senior partner at Cavendish Corporate Finance LLP, as its new chairman. Lord Leigh will take take over from Peter Bertram, who has held the position since November 2018.

Manolete reports results for the year ended 31 March 2021

Manolete Partners

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.

Pursuing An Insolvency Claim May Be Much More Expensive Following this Recent Decision

Manolete Partners natlawreview.com Squire Patton Boggs

Rachael Markham of Squire Patton Boggs warns that pursuing an insolvency claim in the UK may become much more expensive following a recent court decision, though she has no doubt that litigation funders will do their best to find a workable solution to the problems that this case creates.

Manolete offers funding for business interruption claims

Manolete Partners Penningtons Manches Cooper LLP

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.

Litigation Finance Insider

Litigation Finance Insider

Manolete Partners