6 July 2015

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

Superb investment toolkit for private investors

SharePad is the new web-based service from ShareScope. Easier to use and more powerful. Perfect for tablets, Macs and Windows PC. Covers ALL your investment requirements.

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 2015

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1000+ AIM-quoted companies. The full report is available to order for £385 + 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

Lower coal prices hit Hargreaves Services

Hargreaves hits year low on weak coal markets 02/07/2015

Hargreaves Services shares hit a new 52-week low after the company said it was suffering from weaker coal prices and other difficult trading conditions.

Sirius leaps on North York Moors project approval 01/07/2015

Sirius Minerals shares soared more than 60% on AIM today after the potash company got the go-ahead for a project in the North York Moors. 

Mixed bag for Plastics Capital  30/06/2015

In its results statement this morning, Plastics Capital said its revenue growth in the year to March was largely driven by acquisitions, including one that enabled the company to transform its operations in China.

Carpetright on sound footing  30/06/2015

Shares in Carpetright soared to their highest in more than a year after the floorings retailer ‘s results  impressed city analysts and it said current trading was also going well, 

Eden Research shares in bloom following regulatory boost  25/06/2015

The announcement this morning that Eden Research has been granted licences for a pair of the ingredients it has developed for use in its plant protection products has seen shares in the business surge ahead by more than 20 per cent this morning.

Management at REACT Energy vow to plough on despite entering 'examinership' 24/06/2015

The management team at AIM-listed Irish resources company REACT Energy informed the market today that they are confident they can secure financing, and the approval of shareholders and creditors, to continue as a going concern despite entering 'examinership'.

More News