2 September 2014

Burford’s £200m AIM pitch

07/10/2009

Burford Capital, which provides finance to companies that wish to contest commercial causes in the courts, is planning a £200 million float on AIM.

Led by former Barclays and current Marsh & McLennan chairman Sir Peter Middleton, the Guernsey-registered company aims to invest the proceeds of the float well within 18 months in commercial disputes in the US and on international arbitration matters. Operating as an investment company, the Plc funds will be managed by founders Christopher P Bogart and Selvyn Seidel.

The company, whose corporate spiel claims ‘we do not just write cheques… we serve as business partners, consultants and case managers’, believes opportunities for dispute financing tend to be more ‘robust’ following economic downturns and notes that international arbitration cases are currently at an all-time high. Bogart, former executive vice president of media conglomerate Time Warner, says 'third-party commercial dispute finance is a high growth market’ and claims that, as an asset class, it is ‘capable of generating highly attractive returns irrespective of the performance of equity markets’.

Burford has engaged Fox-Pitt Kelton (soon to become part of Aussie bank Macquarie) as nominated adviser and broker, with Execution Limited appointed ‘co-lead manager’. Its shares are expected to be admitted on 16 October.

Tags: AIM, Dividend, Fundraisings, New Issues

Growth Company Investor: free trial

Since 2008, our share tips outperformed the benchmark by 281%. Take a free trial and get access to our recommendations today. Start free trial now.

Directors' Pay on AIM 2014

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1,044 AIM-quoted companies. The full report is available to order for £365 + VAT. Click here for more info

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

Amur is highly active in Russia

Amur updates reserves 29/08/2014

Russian copper play Amur Minerals (AIM:AMC) has upgraded the mining reserves of its Kun-Manie site by 25 per cent. 

Tags: Mining

 Beowulf still roaring 29/08/2014

Swedish iron ore play Beowulf Mining (AIM:BEM) has reported its interim results.

Tags: Mining

Mosman makes Trident bid 22/08/2014

Australasia-focused Mosman Oil and Gas (AIM: MSMN) has announced the terms of its bid for Australian oil play Trident Energy.

Magnolia issues production update 22/08/2014

US-focused oil play Magnolia Petroleum (AIM:MAGP) unveiled a reserves and production update.

Tags: Oil and gas

RapidCloud buys Exxelnet 15/08/2014

Malaysian cloud computing specialist RapidCloud (AIM:RCI) has completed the acquisition of Singaporean SEO outfit Exxelnet.

Tags: Acquisitions, Technology

Zanaga gets mining approval 15/08/2014

Mining group Zanaga Iron Ore (AIM:ZIOC) has won approval for a licence within the Republic of the Congo.

Tags: Mining

More News