Member Article

Sandton announces enhanced partnership with AWH, Credit Style and Tresartis

Private equity and special situations institutional investor Sandton Capital Partners has announced an enhanced partnership with AWH Solicitors, Credit Style and Tresartis to offer a one stop shop solution to support Insolvency Practitioners.

Sandton has a proven track record of providing funding in situations too complex for traditional capital sources. To date the team has executed over £1.3bn transactions with certainty and speed of execution. The partnerships with AWH, Credit Style and Tresartis demonstrates Sandton’s commitment to deliver a reliable turnkey solution that makes it easier for IPs to maximise value for creditors. Launching the new IP Unlock brand, Sandton aims to offer a unique service bringing together three industry specialists with tailored products to complement Sandton’s existing strategy of investing in corporates.

AWH is a specialist law firm serving the high volume consumer law market, notably Personal Injury WIP books and firms. The firm has a proven track record of acquiring consumer law firms in a distressed position and has completed seven deals since 2017. It has achieved a competitive edge after heavy IT investment which allows immediate integration in the acquisition of new caseloads. Investment sizes ranges from £3m-£25m.

Credit management collections and litigation firm Credit Style has teamed up with Sandton to acquire debtor books to provide certainty on returns to company creditors. Credit Style’s team use market leading software systems and its own quality platform for consumer and commercial debt collections. They provide services that support the entire delinquency journey of a debtor backed up by a sophisticated and unique technology platform that delivers fast and reliable results.

London-based Tresartis is a new entrant that purchases claims or provides funding for IPs to litigate promising cases which may otherwise struggle to realise potential for creditors due to lack of financial resources. Tresartis’ 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. Sandton has assembled an experienced team, leveraging not just its deep, practical and commercial knowledge of relevant insolvency regimes, but also utilising specialist insolvency litigation solicitors and barrister Justina Stewart of Outer Temple Chambers, who is ranked as a Leading Junior in Insolvency Litigation, Commercial Litigation, and Banking and Finance, and has extensive litigation funding and ATE insurance experience.

Matt Meehan Head of Sandton UK said: “Statistically, more businesses fail on their way out of a recession than on the way in or during, and when the Government schemes and support measures comes to an end, we will see a wave of distressed companies as many businesses struggle to repay the debt. Our new offering brings together three industry specialists plus Sandton’s traditional corporate investor role within one package that makes life easier for everyone. Our speed of execution and expertise sets us apart and meets the demand of IPs seeking solutions that deliver faster results that maximise value. Working together with AWH, Credit Style and Tresartis we can support the whole journey, offering IPs everything they need. We believe this approach is unique and sets us apart from the competition.”

Justina Stewart, Barrister, Outer Temple Chambers said: “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, IPs 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.”

This was posted in Bdaily's Members' News section by Sandton Capital Partners .