In a market first, Burford Capital signed a novel equity and portfolio financing deal with top-ranked litigation boutique, PCB Litigation. The deal, covered by law.com International, sees Burford take a 32% equity stake in PCB Litigation and finance a portfolio of cases.
Burford CEO, Christopher Bogart:aid: "In many other industries, it would be entirely common for a financing provider to take warrants or equity as part of a financing transaction, and Burford and PCB have figured out how to adapt such a structure to the particular needs of the legal industry. We believe that this is another first in the market."
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