Login
IMF Bentham, Omni Bridgeway complete merger
Litigation funder IMF Bentham and high-value claims financier Omni Bridgeway Holding BV have completed a merger the pair had announced last month.
Jerome Doraisamy
The combined IMF Bentham and Omni Bridgeway business will accelerate the former’s growth, IMF said in a statement, and “creates a major diversified global litigation funding platform across common law and civil law jurisdictions in developed and emerging markets”.
Having previously described the acquisition as a “merger of equals”, IMF Bentham CEO and managing director Andrew Saker described the combined resources as considerable.
“We have over $2.2 billion in capital to finance disputes and enforcement proceedings of significant size and complexity throughout the world,” he said.
“Our combined company has 18 offices in 10 countries across Asia, Australia, Canada, Europe, Middle East, [the] UK, and the US and 145 professionals experienced in legal and recovery systems worldwide, fluent in more than 20 languages.”
IMF Bentham will continue to be listed on the Australian Securities Exchange, it noted, and the combined group will use the first-class business operations, reporting and accounting practices “that have shaped IMF Bentham’s reputation as a trustworthy and reliable disputes financier”.
The combined group will assume one global name pending a rebrand projected for completion by 30 June 2020.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
You can email Jerome at:
