Litigation Capital Management (LCM) is an alternate asset manager specialising in disputes financing solutions internationally, which operates two business models. The first is direct investments made from LCM s permanent balance sheet capital and the second is third party fund management. Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees through asset management. LCM has an unparalleled track record driven by disciplined project selection and robust risk management. Currently headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018, trading under the ticker LIT.
Litigation Capital Management delighted to be assisting creditors of collapsed builder Carillion
Litigation Capital Management Limited s Nick Rowles-Davies (LON:LIT) joins Proactive London after winning a contract with creditors of now-collapsed builder Carillion.
They are taking its former auditors, KPMG, to court for a claim of £250mln.
The firm has agreed to provide finance to fund a claim made by certain Carillion entities, which remain in liquidation.
Quick facts: Litigation Capital Management
Price: 100.88 GBX
Litigation Capital Management is providing litigation finance to fund the claim for damages
A High Court claim has been filed against KPMG over its audits of Carillion’s financial statements in the run-up to what became one of the largest corporate collapses in UK history.
Litigation Capital Management Ltd (LON:LIT) has agreed to provide finance to fund a claim made by certain Carillion entities, which remain in liquidation.
The losses which form the subject matter of the claim are expected to exceed £250mln, Litigation Capital Management (LCM) said, and would further strengthen its existing portfolio of investments.
Carillion, which at the time of its collapse in 2018 had more than 190,000 employees working on private and government contracts to build or maintain schools, roads and hospitals, entered compulsory liquidation under a £1.5bn debt pile after it failed to secure a rescue deal with lenders or the government.
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