Gerchen Keller Capital is sold to New York firm for $160 million
Two rivals in the world of litigation finance are joining forces under one roof.
New York-based Burford Capital LLC has agreed to purchase Chicago's Gerchen Keller Capital in a $160 million deal, Bloomberg Law reported Wednesday.
The expanded firm will take the Burford Capital name and operate offices in London, New York and Chicago, where Gerchen Keller employs about 20 people.
Both outfits are major players in the litigation finance space, where capital firms lend money to la...