Experienced industry figure, Patrick Coope, joins as MD of Australasia with initial AU$50m investment target
Vannin Capital, the market leading dispute resolution funder, is delighted to announce its launch in Australasia, with operations in the region to be headed up by Patrick Coope. Patrick teams up with Vannin Capital as it continues to target ambitious growth plans, building on its track record as a leading provider of dispute resolution funding in the Europe and beyond. To support its launch in Australasia, Vannin Capital intends to invest an initial AU$50 million in cases in Australia, New Zealand and the Far East over the next 18 months, with further capital available as required.
Matthew Cox, Director at Vannin Capital, commented: “The expanision of Vannin into Australasia represents an exciting step forward in our international growth ambitions and we are very pleased to team up with Patrick to drive the brand forward. He brings a vast experience of operating in the region which will enable Vannin Capital to capitalise fully on the opportunities in the market.”
Patrick, a senior industry figure, has joined the brand as Managing Director of Australasia, having established the first professional litigation funder in Australia, LCM, in 1997 and becoming its managing director for the next 17 years.
Patrick has an outstanding track record as a litigation funder. During Patrick’s time with LCM, he was responsible for funding 185 completed cases with an industry leading 95% success rate. Cases funded by Patrick have included claims for accountant and audit negligence, breach of directors’ duties, infringement of patents, investment manager negligence, unfair preference and insolvent trading claims by Liquidators and shareholder class actions.
Prior to his time with LCM, Patrick worked as an insolvency practitioner for 14 years, focusing on generating returns for creditors through litigation. He was responsible for identifying and then managing more than 300 separate legal claims, almost all of which were successful and generated returns for the creditors of the plaintiff liquidations.
Vannin Capital has seen strong growth over the last 18 months with recent cases being funded across the UK, Europe, Australia and the Middle East. This latest development in Australasia and the Far East reflects Vannin Capital’s focus on geographic expansion as a key growth driver.
Patrick Coope explains the attractions of Vannin Capital: “In Vannin Capital, I have teamed up with an institution that matches my own personal ambition. When the management team at Vannin asked me to lead the launch of the Australasian operation I leapt at the opportunity to join one of the world’s pre-eminent litigation funders. We will look to continue the strong growth of Vannin in the Australasian market through a focus on commercial and insolvency litigation and international arbitration.”
For more information on Vannin Capital, please contact: Leanne Harker, Marketing at Vannin Capital, T: +44 (0)1624 615 111, E: firstname.lastname@example.org