Quayle Munro is pleased to announce that it has advised Equistone Partners Europe (previously Barclays Private Equity) and other shareholders of Firstassist Legal Expenses on its sale for approximately £28 million in total value including an element of deferred consideration to Burford Capital Limited, a publicly traded company on the London Stock Exchange's Alternative Investment Market (AIM) providing investment capital and risk solutions for litigation.
Firstassist Legal Expenses is one of the pre-eminent ‘After The Event’ (‘ATE’) insurance providers in the UK. ATE insurance is taken out after a dispute has arisen, providing the party pursuing litigation with protection for the risk of paying opponent costs and their own disbursements. Firstassist Legal Expenses focuses on commercial litigation.
The Company began operating in 1999 and currently has 32 employees based in Croydon. Firstassist Legal Expenses has developed a range of innovative ATE products tailored to suit different types of litigation and successfully built a reputation for handling complex cases.