Burford Capital

Burford Capital
Public
Traded as BUR:LN
Industry Financial Services
Founded 2009 (2009)
Founders Christopher Bogart
Jonathan Molot
Headquarters New York, New York, U.S.
Cornhill, London
Products Litigation finance
Website www.burfordcapital.com

Burford Capital, founded in 2009, operates as a finance and professional services company worldwide with principal offices in New York and London. The company offers a range of corporate finance and insurance solutions to lawyers and clients engaged in litigation and arbitration.[1]

The Company has two operating business segments which include Litigation Investment and Litigation Insurance. The Litigation Investment segment consists of litigation and arbitration-related investment activities anywhere in the world. The Litigation Insurance segment consists of litigation insurance activities limited to the United Kingdom and Channel Islands.[2]

Financials

In its 2013 financial year Burford deployed $62 million (£36 million) of capital in legal cases and generated a 25% increase in profits before tax to $42.5 million, up from $34.1 million in 2012.[3]

The company reported a 23% increase in revenue from litigation in the 2014 calendar year, up 23% from 2013. Total income of $82 million was up 34% from 2013 after increased revenue from its insurance unit.[4]

Burford raised $150 million in a public debt deal in 2014.[5]

London Stock Exchange

Burford has been publicly traded on the London AIM Stock Exchange (BUR:LN) [6] since October 2009 and issued further shares in a follow-on in 2010. The company currently has 204.5 million shares outstanding.

History

Burford Capital was founded by Christopher P. Bogart and Jonathan T. Molot on September 11, 2009 and is headquartered in St. Peter Port, Guernsey.[7]

In February 2012, Burford acquired the UK based litigation insurance provider, Firstassist, and launched its UK litigation finance business.[8]

In January 2015, Burford acquired one of its indirect subsidiaries, Focus Intelligence Ltd., a business intelligence firm that specialized in asset tracing and judgment enforcement.[9]

People

United States Management Team
CEO and Co-Founder: Christopher Bogart[10]
Co-founder and Chief Investment Officer: Jonathan Molot[11]

References

  1. ↑ "Burford Capital Ltd (BUR:London Stock Exchange)". Bloomberg. Retrieved 14 August 2015.
  2. ↑ "N+1 Singer Begins Coverage on Burford Capital Limited (BUR)". WKRB. Retrieved 14 August 2015.
  3. ↑ "Burford Capital launches retail bond paying 6.5%". citywire. Retrieved 14 August 2015.
  4. ↑ "Burford Capital Cashes In On Other People's Lawsuits In 2014". Forbes. Retrieved 14 August 2015.
  5. ↑ "Burford Capital raises $150m in LSE bond issue". Guernsey. Retrieved 14 August 2015.
  6. ↑ "BUR BURFORD CAPITAL LIMITED ORD NPV". London Stock Exchange. Retrieved 14 August 2015.
  7. ↑ "Burford Capital Ltd.". Barron's. Retrieved 14 August 2015.
  8. ↑ "Burford Capital Acquires ATE Insurance Provider for GBP 10.3 Million". Fulbrook. Retrieved 14 August 2015.
  9. ↑ "LONDON, January 13, 2015 /PRNewswire/". Ad Hoc News. Retrieved 14 August 2015.
  10. ↑ "Q&A with litigation financier Chris Bogart". New York Business Journal. Retrieved 14 August 2015.
  11. ↑ "Q&A with litigation financier Chris Bogart". New York Business Journal. Retrieved 14 August 2015.

External links

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