Katten advised GKC Holdings, LLC (GKC), the parent of Chicago-based Gerchen Keller Capital, LLC, in its sale to Burford Capital Limited for $160 million. GKC is a major and rapidly growing law-focused investment manager. As noted by the New York Times, the merger combines two former rivals in the litigation finance sector, with an estimated $1.2 billion in investments and commitments in the growing field of outside financing for litigation.
Led by Global Financial Services Practice Co-Chair Lance Zinman, the Katten team included partners Christopher Shannon, Valentina Famparska, Christian Hennion and Julie Gottshall, and associates Timothy Kertland and Stanley Polit.
- "Legal Financing Rivals to Combine in $160 Million Deal," New York Times, December 14, 2016
- "Burford Shakes Up Litigation Finance World in $160M Gerchen Keller Buy," The American Lawyer, December 14, 2016
- "Burford's $160M GKC Buy Creates Litigation Funding Giant," Law360, December 14, 2016