Senior secured credit facility from Janus Henderson affiliate will fund litigation team expansion and case prosecution as ESKARIAM targets €3.5 billion in claims under management by 2030

Madrid and Chicago, April 21, 2026 — ESKARIAM, a Spanish law firm specializing in complex damages litigation, has secured a strategic €50 million senior secured credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit and asset-backed finance. VPC is headquartered in Chicago and is a majority-owned affiliate of global asset manager Janus Henderson Group (NYSE: JHG). The transaction is intended to support ESKARIAM’s continued growth and strengthen its position as the leading platform in the Spanish market for high-value, high-impact strategic litigation.

ESKARIAM currently manages over €1.5 billion in claims on behalf of thousands of affected parties — including businesses and public institutions — in competition disputes involving some of Europe’s largest multinational corporations. The firm is the only Spanish firm recognized by Global Competition Review among the top 100 European law firms in the claimant category.

With this financing, ESKARIAM will bolster its litigation teams, enhance its operational and technological infrastructure, and continue advancing its model of strategic litigation based on specialization and quality, supported by key alliances with leading European law firms. The facility is structured as an asset-backed lending arrangement incorporating bespoke structuring features tailored to the dynamics of ESKARIAM’s business and operating model. In this context, the firm is targeting to reach €3.5 billion in damages claims under management by 2030.

David Fernández, CEO of ESKARIAM, said:

Having a financial partner such as Victory Park Capital validates the strength of the model we have been building at ESKARIAM since 2018. This facility provides ESKARIAM with the financial depth to prosecute every case to the highest standard, for as long as it takes. When you litigate against the largest companies in the world, the quality and persistence of your case preparation is what drives outcomes — whether at trial or in settlement. Victory Park Capital understands this, and its long-term commitment allows us to invest accordingly. We are building the preeminent litigation platform in Europe, and this partnership is a defining step.

Hugo Lestiboudois, Principal at Victory Park Capital, said:

ESKARIAM has built a differentiated platform with a proven track record of recovery, robust operational infrastructure, and a high-quality portfolio of claims backed by enforceable legal rights against solvent counterparties. This transaction exemplifies VPC’s approach: identifying sectors where institutional capital is scarce, collateral is tangible, and our structuring expertise delivers downside protection while enabling platform growth. The European legal services sector is maturing rapidly and we see a significant, long-term opportunity to deploy capital alongside market leaders like ESKARIAM.

 

About ESKARIAM

ESKARIAM is a legal services firm headquartered in Madrid, 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. ESKARIAM has successfully handled numerous claims against financial institutions and insurers and currently manages a portfolio exceeding €1.5 billion in competition disputes and is currently leading claims against Booking.com and in the Milk Cartel in Spain, among others.

For more information, visit www.eskariam.com

About Victory Park Capital Advisors, LLC

Victory Park Capital Advisors, LLC (“VPC”) is a global alternative investment firm specializing in private credit and asset-backed finance.  The Firm also offers structured financing and capital markets solutions through its affiliate platform, Triumph Capital Markets[1]. Founded in 2007 and headquartered in Chicago, VPC became a majority-owned affiliate of Janus Henderson Group in 2024, gaining access to the firm’s 2,000+ employees across 25 cities worldwide. Victory Park Capital is a Registered Investment Advisor with the SEC. Registration with the SEC does not imply a certain level of skill or training.

For more information, visit www.victoryparkcapital.com.

Media Contacts

ESKARIAM Paola Moreno

paola.moreno@venizecomms.com / +34 613 238 496

Victory Park Capital Candice Sun, Janus Henderson Investors

candice.sun@janushenderson.com

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