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North Wall Capital expands relationship with law firm PGMBM through new £100m funding partnership

International ESG-focused law firm PGMBM and European special situations investor North Wall Capital (North Wall) have agreed an incremental £100 million funding partnership, substantially expanding the total size of the two firms’ financing relationship to £150 million.

The latest investment by North Wall will be used by PGMBM to address the growing demand from consumers and other victims of injustice to access recourse against corporates.
 
The transaction, which is believed to be the largest investment in a UK claimant law firm to date, will be funded from the second fund vintage of North Wall’s ESG-focused legal assets strategy. The fund, which held a single, one-and-done closing after a brief fundraising period, received support from a broad range of global institutional investors, including pension funds, asset managers, and private banks. 
 
PGMBM is a partnership between British, American, Brazilian, and Dutch lawyers passionate about championing justice for the victims of wrongdoing by large corporations. The firm is at the cutting edge of international consumer claims, including historic settlements on behalf of over 15,000 claimants in the Volkswagen NOx Emissions Group Litigation in May 2022 and 16,000 victims of the British Airways Data Breach in 2021. 
 
PGMBM is also a leader in environmental litigation. Just last week the firm secured a landmark, unanimous judgment from the Court of Appeal that allows over 200,000 victims of the Mariana Dam disaster, Brazil’s worst ever environmental disaster, to seek redress against the world’s largest mining company, BHP, in the Courts of England and Wales. 

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