Former ICAEW chief executive Eric
Anstee is looking to grow a business division in the litigation
of London Group, of which Anstee is chief, has acquired a 50% share
of litigation funding business Therium Capital Management.
Therium provides funding for litigation cases it believes has a high
likelihood of success. It promotes its services to insolvency practitioners,
solicitors, brokers and others who are a likely source of case referral.
COLG will pay £300,000 for its share, provide £420,000 in working capital to
plus seed funding of £1.8m for its current case pipeline.
“This investment and associated funding is the first step in our strategy to
acquire and develop specialist fund management teams to raise and create funds
to meet the needs and opportunities in the market as the economy emerges from
the credit crisis,” said Anstee.
Engineering and technology executives have voiced concerns over the government’s industrial strategy and the need to fill the R&D funding and long-term investment gap in a post-Brexit Britain
This year’s Finance Act is 649 pages, the second longest recorded, and highlights the increasing complexity for taxpayers of an ever expanding tax code
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK