ME Group Holdings Limited
(“ME Group” or the “Company”)
ME Group announces that it has agreed terms to acquire the entire share capital of Quanta Capital Holdings Limited (“Quanta Capital”). Quanta Capital specialises in litigation funding for commercial disputes and matrimonial matters. The consideration is undisclosed.
Quanta Capital will operate as a stand-alone business within the ME Group, with a special focus on SME disputes which require funding in the £250K – £2.5m range, and matrimonial disputes involving high-net worth clients.
Simon Dawson will remain as Managing Director for Quanta Capital following completion of the acquisition, and will take a seat on the ME Group board.
Rob Cooper, ME Group CEO, commented:
“We anticipate that Quanta Capital will be a significant driver of growth within our portfolio of dispute resolution services. It will sit alongside our other business divisions, including ME Consumer and LegalTech. We welcome Simon Dawson to the ME Group board. He brings with him 15 years of sector experience including previous roles with National Accident Helpline Group, Slater Gordon Solutions and HCML Healthcare Services.”
Simon Dawson, Managing Director for Quanta Capital, commented:
“I’m delighted to be joining a group that is at the forefront of driving transformation in its sector. I look forward to working alongside Rob and the ME Group board to ensure Quanta Capital makes a significant contribution to the success of the Group.”
Quanta Capital is focussed on delivering litigation financing to law firms and their clients with a fixed monthly interest charge for the rolling amount borrowed. Quanta Capital operates using a clear finance cost based upon the amount borrowed and does not charge a proportion of the client’s damages nor does it seek to charge disproportionate or ‘Champertous’ interest.
Post completion of the acquisition ME Group intends to make further investment in Quanta Capital to accelerate its rate of growth, and launch a number of new service offerings.
The Directors of ME Group accept responsibility for the contents of this announcement.
For further information, please contact:
Rob Cooper, Chief Executive Officer
01625 568 767
Ben Welsh, Media Relations