Insights / News
Insights / News
Private equity and special situations institutional investor, Sandton Capital Partners, has announced the launch of Tresartis, a new litigation funding platform focused on the insolvency market which forms part of Sandton’s “IP Unlock” offering. The platform consists of a team of specialist solicitors and legal counsel to deliver a simple, transparent and commercial option into the market, which includes Outer Temple member Justina Stewart. Justina is acting as external counsel to Tresartis, contributing her deep, practical and commercial knowledge of insolvency litigation and litigation funding.
London-based Tresartis will purchase claims or provide funding for insolvency practitioners to litigate promising cases which may otherwise struggle to realise potential for creditors due to lack of financial resources. Their model has been designed following deep research within the insolvency sector resulting in an offering providing speed of response and execution, simple, transparent and competitive pricing, and above all, flexibility.
Matt Meehan, Head of Sandton UK said: “There is significant demand in the insolvency sector for financial solutions that deliver results which optimise value quickly, flexibly and transparently. This demand will grow with the end of the insolvency measures that were extended to support businesses during the pandemic. This will undoubtedly lead to an influx of distressed businesses facing potential insolvency. It is here where Sandton and Tresartis can help. Justina’s and the wider team’s litigation insolvency expertise complements Sandton’s position as a flexible and long-term capital provider for special situations to deliver a powerful package to maximise value for IPs/Estates.”
“I don’t envy the position in which IPs frequently find themselves, tasked with optimising returns for creditors but with little or no financial capital to pursue options such as litigation. Even when there are meritorious claims, with limited options to date in the market for buying or funding claims, IPs have had limited negotiating leverage with funders. With the entry of Tresartis, insolvency practitioners have a fresh route for exploring how to comply with their duties. I would add that, having worked with Sandton for some time, I have been struck by their collaborative, transparent, flexible and commercial approach – important qualities when considering which litigation funder to go with. Therefore, I am delighted to be part of the team providing this fresh offering to the market.”
Justina Stewart is ranked as a Leading Junior in Insolvency Litigation, Commercial Litigation, and Banking and Finance, and has extensive litigation funding and ATE insurance experience.
You can find out more about Tresartis on their website.