Leading dispute financiers IMF Bentham and Omni Bridgeway complete merger transaction
SYDNEY, November 11, 2019: Leading dispute resolution financier IMF Bentham Limited (ASX:IMF) announces that it has completed the merger with Omni Bridgeway Holdings BV previously announced on October 15, 2019.
The combined IMF and Omni Bridgeway business accelerates IMF’s growth and creates a major diversified global litigation funding platform across common law and civil law jurisdictions in developed and emerging markets. The largest funding team in the world now offers end-to-end solutions for clients from pre-judgment merits funding to post-judgment enforcement and recovery.
Having previously described the acquisition as a “merger of equals,” Andrew Saker, Managing Director and Chief Executive Officer of IMF Bentham, describes the combined resources as considerable. “We have over A$2.2 billion in capital to finance disputes and enforcement proceedings of significant size and complexity throughout the world. Our combined company has 18 offices in 10 countries across Asia, Australia, Canada, Europe, Middle East, UK and the US and 145 professionals experienced in legal and recovery systems worldwide, fluent in more than 20 languages.”
IMF Bentham will continue to be listed on the Australian Securities Exchange and the combined group will use the first-class business operations, reporting and accounting practices that have shaped IMF Bentham’s reputation as a trustworthy and reliable disputes financier. The combined group will assume one global name pending a rebrand projected for completion by 30 June 2020.