SYDNEY: IMF Bentham Limited has completed the acquisition of Omni Bridgeway Holding B.V. and has made the completion payment of €31.18 million to the Omni Bridgeway shareholders.
It is believed that the combined IMF and Omni Bridgeway business will accelerate IMF’s growth and create a major diversified global litigation funding platform across common law and civil law jurisdictions in both developed and emerging markets with the ability to provide an end-to-end solution for clients in the pre- and post-judgment space, supported by a global team.
“The resources we offer together are considerable,” said Andrew Saker, Managing Director and Chief Executive Officer of IMF Bentham. “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 world-wide, fluent in more than 20 languages.”
Under the share purchase agreement, the Omni Bridgeway shareholders are entitled to (i) additional deferred consideration over the next three years and (ii) contingent consideration upon satisfaction of certain milestones over the next five years, through the issue of IMF shares or otherwise payable in cash.