Northleaf backs recap, growth of BridgePoint Financial Services

Northleaf Capital Partners has led a funding package to support the recapitalization and growth of BridgePoint Financial Services Inc, a Toronto-based provider of litigation financing solutions in Canada.

Northleaf acted as the sole lead arranger of a $50 million senior secured credit facility and a separate preferred equity investment, the value of which was not disclosed.

Founded in 2005 by Principals Stephen Pauwels and John Rossos, BridgePoint provides customized litigation financing solutions to plaintiffs, lawyers and experts involved in advancing legal claims. The company reports financing more than 30,000 cases.

Northleaf, a Canadian private-markets fund manager, announced last week it secured US$2.2 billion in new commitments for its global private equity program.

PRESS RELEASE

Northleaf announces investment in BridgePoint Financial

TORONTO (September 26, 2018) – Northleaf Capital Partners (Northleaf) today announced that it acted as the sole lead arranger of a $50 million senior secured credit facility and a separate preferred equity investment, the value of which was not disclosed, to support the recapitalization and growth of BridgePoint Financial Services, Inc. (BridgePoint), the leading provider of litigation financing solutions to plaintiffs and lawyers in Canada.

“The Northleaf team was able to understand our business and creatively provide a customized capital structure solution on an expedited timeline,” said John Rossos, Co-Founder of BridgePoint. “Our partnership with Northleaf will allow BridgePoint to accelerate growth and further capitalize on an enormous market opportunity. This investment marks an inflection point for the business and demonstrates to our law firm partners and their clients our financial capacity to offer an expanded range of products and services that our competitors quite simply cannot match.”

“BridgePoint has been the leader in developing Canada’s litigation finance market and has built an outstanding reputation in the process,” said Michael Morris, Director at Northleaf. “We are excited to partner with them to support the company’s continued growth and commitment to serving its customers.”

This transaction highlights Northleaf’s flexible approach to investing in the specialty finance sector. Northleaf has the ability to provide senior debt, hybrid capital and equity capital to support owners of leading specialty finance and financial technology businesses across consumer, commercial and related verticals.

About BridgePoint Financial Services

BridgePoint Financial Services, Inc. is Canada’s leading provider of litigation financing solutions designed to meet the specialized needs of plaintiffs, lawyers and the experts involved in advancing legal claims. BridgePoint’s goal is to level the litigation playing field and to protect its clients’ rights to full and fair access to justice.

About Northleaf Capital Partners

Northleaf Capital Partners is an independent global private markets fund manager with more than US$11 billion in private equity, private credit and infrastructure commitments under management on behalf of public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices.

Northleaf’s 110-person team, located in Toronto, Montreal, London, New York, Chicago, Menlo Park and Melbourne, is focused exclusively on sourcing, evaluating and managing private markets investments globally. Northleaf’s portfolio includes more than 250 active investments in 14 countries, with a focus on mid-market companies and assets. Northleaf currently manages seven global private equity funds, two specialist global private equity secondaries funds, a global private credit fund, two direct OECD-focused infrastructure funds and a series of customized investment mandates tailored to meet the specific needs of institutional investors and family offices. For more information on Northleaf, please visit www.northleafcapital.com.

For more information, contact:

Investor and media inquiries:

Nadine Cannata
Vice President
t: +1 416 477 6623
e: nadine.cannata@northleafcapital.com

Transaction-related inquiries:

Michael Morris
Director
t: +1 312 871 4830
e: michael.morris@northleafcapital.com