Liberum appointed as Joint Corporate Broker to Manolete Partners Plc

We are pleased to announce that Liberum has been appointed as Joint Corporate Broker to Manolete Partners Plc.

Manolete Partners2

Manolete Partners Plc (“Manolete” or the “Company”) is a specialist UK insolvency litigation funder, which funds or buys insolvency claims. The Company was founded by Steven Cooklin in 2009 to address the inefficiencies inherent in the “no win/no fee” model for insolvency claims. Manolete has been quoted on AIM since December 2018 and has a market capitalisation of c. £222 million.

Since inception, Manolete has invested in 462 cases of which it has completed 257 (as at 9 June) yielding an average Money Multiple of 2.7x, a ROI of 173% and at an average case completion time of 12 months.

Manolete’s current infrastructure and regional network of 11 in-house lawyers (grown from 4 at IPO) and business development executives gives the Company coverage across all key commercial areas of the UK and the capacity for 275 live cases. Manolete currently has 201 live cases currently in process and its growth strategy is focused on increasing both the number and average size of cases within its portfolio.

Liberum has been appointed as Joint Corporate Broker alongside Peel Hunt (also the Company’s Nomad) with immediate effect.

Liberum Team

Investment Banking – Richard Crawley, James Greenwood, Miquela Bezuidenhoudt

Research – Jamie Donald, Rahim Karim

Sales – Steve Keeling

Expert Access – Mark James

CIR - Natalie Clarke

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