Haitong Bank, S.A., London Branch acted as sole financial adviser to Pogust Goodhead in relation to a refinancing by Gramercy Fund Management LLC (“Gramercy”) of an existing credit facility.
Pogust Goodhead and Gramercy have entered into a USD 552.5 million investment partnership in the form of a loan by Gramercy to Pogust Goodhead. This loan is the largest litigation funding deal into a law firm in UK legal history and a very significant advisory mandate for the Bank.
During the nine-month project, the London Branch’s M&A Team provided Financial Advice to Pogust Goodhead in its refinancing negotiations with Gramercy and a number of other funders, which also required financial modelling for 20 significant group action litigations and waterfall modelling for multiple funding facilities.
