Woodsford Group Ltd., a UK litigation funder, is aiming to sell its portfolio of passive US investments so it can focus on large-scale lawsuits that allege corporate wrongdoing.
Woodsford is meeting with potential buyers it declined to identify. The company wants to move on from investing in cases that law firms generate and instead wants to identify and organize suits on its own, Woodsford’s chief executive officer, Steven Friel, said in an interview.
“One of the ways in which we can fuel our growth—get cash for our growth and also re-position ourselves—is by pursuing a secondary market transaction,” Friel said. ...