ESKARIAM, a Spanish firm specialized in complex damages litigation participaded by Moira Capital, has secured a €50 million strategic financing through a senior credit facility provided by Victory Park Capital (“VPC”), a global alternative investment firm focused on private credit and asset-backed lending. VPC, headquartered in Chicago, is majority-owned by the global asset manager Janus Henderson Group. The transaction aims to support ESKARIAM’s sustained growth and strengthen its position as a leading firm in the Spanish high-value strategic litigation market.
Currently, ESKARIAM manages over €1.5 billion in claims on behalf of thousands of affected parties—including companies and public institutions—in competition litigation involving some of Europe’s largest multinational corporations. It is the only Spanish firm recognized by Global Competition Review among the top 100 European claimant law firms.
With this financing, ESKARIAM will strengthen its litigation teams, enhance its operational and technological infrastructure, and continue developing its strategic litigation model based on specialization and quality, supported by key alliances with leading European law firms. The financing is structured as an asset-backed lending transaction, incorporating tailored structuring features aligned with the firm’s business dynamics and operating model. In this context, ESKARIAM aims to reach €3.5 billion in claims under management by 2030.
David Fernández, CEO of ESKARIAM, stated:
“Having a financial partner like Victory Park Capital validates the strength of the model we have built at ESKARIAM since 2018. This financing provides us with the financial capacity needed to pursue each case to the highest standard, for as long as necessary. When litigating against the world’s largest companies, quality and persistence in case preparation are decisive for the outcome, whether in court or through settlement. Victory Park Capital shares this vision, and its long-term commitment allows us to invest accordingly. We are building a leading litigation firm in Europe, and this partnership represents a decisive step forward.”
Hugo Lestiboudois, Principal at Victory Park Capital, added:
“ESKARIAM has developed a differentiated platform, with a proven track record of recoveries, a robust operational infrastructure, and a high-quality claims portfolio backed by enforceable legal rights against creditworthy counterparties. This transaction reflects VPC’s approach: identifying sectors where institutional capital is scarce, underlying assets are tangible, and our structuring capabilities can protect downside risk while supporting platform growth. The European legal services sector is evolving rapidly, and we see a significant long-term opportunity to deploy capital alongside market leaders such as ESKARIAM.”
About ESKARIAM
ESKARIAM is a Madrid-based legal services firm specializing in complex damages claims. Founded in 2018, it brings together a team of experienced lawyers and multidisciplinary professionals, leveraging advanced technology to manage large-scale litigation. The firm has successfully handled numerous claims against financial institutions and insurers and currently manages a portfolio exceeding €1.5 billion in competition litigation, including cases against Booking.com and the Spanish milk cartel.
About Victory Park Capital
Victory Park Capital is a global alternative investment firm specializing in private credit and asset-backed financing. The firm also provides structured finance and capital markets solutions through its affiliated platform, Triumph Capital Markets. Founded in 2007 and headquartered in Chicago, VPC became majority-owned by Janus Henderson Group in 2024, gaining access to a global network of more than 2,000 employees across 25 cities. Victory Park Capital is a registered investment advisor with the U.S. Securities and Exchange Commission; such registration does not imply a certain level of skill or training.
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