Company Announcements

14 July 2020

RBG Holdings plc

(the "Group")

Launch of financing solutions for insolvency claims

RBG Holdings plc, the professional services group, which owns LionFish Litigation Finance (UK) Limited ("LionFish"), has today launched ISLERO - a new generation of financing solutions for insolvency claims.  

Available through the Group's litigation finance arm LionFish, ISLERO is designed to answer the increasing calls of insolvency practitioners and solicitors for cheaper, faster and more flexible financing solutions than are currently available.

Over the last decade, the market for financing of insolvency claims has become well-established. However, in the UK, the number of providers is limited, with one player having a significant share of the market. This structure has limited the evolution of financing products, especially in terms of pricing. Using the legal expertise and financial support of the Group, ISLERO will offer insolvency practitioners cheaper and more flexible pricing structures, including some interest rate-based alternatives.

The launch of ISLERO is another stage in the development of the Group's litigation financing subsidiary. As outlined at the time of the Group's IPO, the Board believes litigation finance represents an incremental opportunity to monetise the Group's case flow and to diversify its income streams.

In May 2020, the Group recruited additional resource into this division as part of its growth strategy, including a dedicated Managing Director, Tets Ishikawa. The Group has created a separate brand identity for the division, LionFish. Positioned as a provider of innovative, practical financing solutions, LionFish gives users of litigation funding an alternative to the current providers. LionFish has a growing pipeline of viable opportunities. Since its launch in May the Board has already approved four commercial litigation financing transactions, with two executed so far.

Commenting on the launch of ISLERO, Nicola Foulston, Chief Executive, RBG Holdings plc, said: "There is a growing demand for an alternative provider of financing for insolvency claims, which sadly is likely to accelerate in light of the current economic conditions. With one player largely monopolising the market, a new competitor is needed to provide insolvency practitioners with faster and more flexible financing solutions which are more economically priced to help maximise recoveries for their estates.  We think ISLERO will quickly become a premier player in the financing of insolvency claims, as well as providing support to the continuing growth of our Litigation Finance business."

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About RBG Holdings plc

RBG Holdings plc is a professional services group, which includes one of the UK's pioneering law firms, Rosenblatt Limited, which is a leader in dispute resolution.

Rosenblatt Limited provides a range of legal services to its diversified client base, which includes companies, banks, entrepreneurs and individuals. Rosenblatt Limited's practice areas include dispute resolution, financial crime, corporate, banking and finance, insolvency and financial restructuring, construction and projects, employment, financial services, IP/technology/media, real estate, regulatory and tax resolution.

The Group also owns Convex Capital Limited and LionFish Litigation Finance (UK) Ltd.  Lionfish provides a fast, effective alternative to complex high-value legal case financing for individuals, law firms, insolvency practitioners and corporates across a wide variety of sectors.

Convex Capital is, a specialist sell-side corporate finance boutique, based in Manchester, UK. Convex is entirely focussed on helping companies, particularly owner-managed and entrepreneurial businesses, realise their value through sales to large corporates. Convex identifies and proactively targets firms that it believes represent attractive acquisition opportunities.