Cavendish is pleased to announce the successful refinancing of Manolete Partners Plc, the UK’s leading specialist in insolvency litigation financing.

Manolete has secured a new £17.5m revolving credit facility with HSBC on significantly improved terms. The 3.25-year facility (with an option to extend) will support the company’s continued investment in new cases and is expected to deliver meaningful cost savings.

Cavendish has worked closely with the company over the past 18 months, initially renegotiating the covenant suite before running a competitive refinancing process. By introducing a second lender, we were able to drive pricing improvements and offer Manolete a choice between two highly attractive options.

Alistair Hay, Partner, and Head of Debt Advisory at Cavendish commented:

“Manolete operates in a niche but increasingly important part of the legal and finance ecosystem. We are delighted to have helped deliver a flexible, cost-efficient solution that positions the business well for future growth.”

This follows our recent work with Henderson & Jones – another insolvency litigation financing specialist – and reinforces our growing expertise in this sector.

For further information please contact the debt team.