Litigation funding company Burford Capital is set to acquire Chicago-based investment manager Gerchen Keller Capital for $160m to create a firm with $1.2bn in assets in ongoing cases.
The merger will create a company with 80 staff combining UK-based Burford with the US outfit. Gerchen Keller will add $15.4m to Burford’s top line and give the company a 20-person team in Chicago.
