Press Release
11/09/2024
For Immediate Release
Nera Capital, a pioneering specialist in litigation funding, has announced a new strategic partnership with innovative investment firm, Fintex Capital, for an initial £20 million investment.
This partnership marks a significant milestone for both companies as demands for law firm financing continue to grow, with claimants looking for redress from hidden commissions on car financing to housing disrepair.
The new funding line will allow more consumers to have access to the justice they deserve as financial barriers are diminished.
Through this investment, Nera Capital will be able to expand its reach and diversify its funding sources, which enables it to bring the benefits of capital and expertise to a wider set of consumers.
Director of Nera Capital, Aisling Byrne, said Fintex Capital’s investment enables the firm to accelerate its growth trajectory, further scaling its operations to provide crucial financial support to clients when they need it most.
Ms Byrne continued: “Along with being better positioned to ensure justice remains accessible, even against the most formidable adversaries, the additional funding line increases Nera Capital’s diversification.
“We have also now successfully underwritten our operations through a number of heavyweight institutional lenders, and this latest infusion of capital allows us to explore new avenues within the litigation finance market.
“We are pleased that our operations were once again endorsed by a prominent institutional investor. The Fintex team led by Sophie Batoua were a pleasure to deal with and the transaction was successfully executed in record time.”
For Fintex, this is another landmark transaction, the third UK funding line of c. £20 million. This investment was fully funded by Fintex Capital’s flagship fund, Fintex Private Debt.
Fintex Capital CEO, Robert Stafler, said it comes as no surprise that demand for law firm finance is on the rise.
“This granular, insurance-backed financing provides vital funding to consumers when they need it most. It enables them and their lawyers to bring justice to families who, without Nera’s support, would be unable to seek redress.
“This granular, insurance-backed financing provides vital funding to consumers when they need it most. It enables them and their lawyers to bring justice to families who, without Nera’s support, would be unable to seek redress.
“Nera has a strong track record in its market, having successfully provided c. £200m in funding for UK consumer claims to date.
“We are delighted to see that our investment helps Nera solidify its position as a leader in its field. To us, this is just the beginning of a successful long-term partnership.”
For the investment, Nera Capital was advised by Walker Morris LLP, Mason Hayes & Curran LLP, and Copsey Murray Chartered Accountants. Fintex Capital was advised by Fox Williams LLP and Mason Hayes & Curran LLP.
Nera Capital Director, Ms Byrne, added that Nera Capital’s ability to secure such significant investments from multiple sources underscores its position as a leader in the litigation finance space.
“Through continuing to expand our footprint and push the boundaries of what’s possible in litigation funding, clients and investors alike can look forward to a future where justice is more accessible, and financial barriers are diminished.
“This partnership is a pivotal step in an exciting journey that will see Nera Capital reaching new heights, driving industry change, and continuing to support those in need with unwavering dedication.”
-ENDS-
About Nera Capital:
· Established in 2011, Nera Capital is a specialist funding provider to law firms.
· Provides Law Firm Lend funding across diverse claim portfolios in both the Consumer and Commercial sector.
· Headquartered in Dublin, the firm also has offices in Manchester and The Netherlands.
· Member of European Litigation Funders Association
About Fintex Capital:
· A pioneering investment firm specialising in private debt.
. The firm has provided close to £400 million in private debt capital to borrowers across Specialty Finance and Real Estate Debt.
. Known for providing senior and mezzanine debt facilities to lending businesses in the UK and beyond.
. The firm manages discretionary investment funds, as well as segregated managed accounts for various institutions.
Media contact: For press enquiries for Nera Capital please email press@inkedpr.com
Media contact: For press enquiries for Fintex Capital please email gabrielle@gccommunications1.com