Themis Legal Capital (“Themis”) announced today that it has closed and funded a claim based funding (“CBF”) investment in a U.S. based manufacturing firm which recently won a Federal Court judgment and sought funding to expand its business while the matter is on appeal. Although the specific terms were not disclosed, the sole source of the return on the investment will be the proceeds of the claim.
Themis originated this opportunity, brought another institutional investor into it and invested its own capital. “This transaction further demonstrates the effectiveness of Themis’ process and people,” said Edward A. Reilly, Jr., a Founder and Principal of Themis. “The diversified skill sets of our eight person team enabled us to originate this high quality investment, underwrite the issues on appeal, assess and structure a transaction to address the financial requirements of the client and identify a funding participant for the transaction.” Commenting on the litigation, John S. McGeeney, another Founder and Principal of Themis, said, “This is an example of Themis’ ability to identify, diligence and structure Claim Based Funding opportunities at all stages of a case’s development. This later stage opportunity offered the Themis team clear visibility into the merits of the issues that would be presented on appeal.”