Grant Thornton signs insolvency portfolio financing deal
The deal will provide financing across a range of cases, including defence and declaratory matters
GRANT THORNTON has signed a £9m insolvency portfolio financing deal with AIM-listed Burford Capital.
The deal will provide financing across a range of cases, including defence and declaratory matters, where GT partners are trustees.
It will be used for handling insolvent estate cases – often complex insolvencies – which regularly need to secure financing to manage and maximise the value of claims, but are often complex insolvencies.
GT insolvency partner Nick Wood, said: “The facility allows a huge amount of flexibility because of its unique structure.
“Without a portfolio solution, we would be left trying to deal with the cases on a one-by-one basis in a much less streamlined way, and trying to agree different types of deals including CFAs.”