Legal Equity Partners Pty Ltd entered into a definitive conditional agreement to acquire JustKapital Litigation Pty Limited from LawFinance Limited (ASX:LAW) for AUD 1 on January 29, 2021. The debt and cash free transaction value is AUD 10 million. LawFinance Limited will share in 50% of any excess proceeds after repayment of the secured debt against the funded legal cases. The transaction is conditional on approval of shareholders of LawFinance Limited, an independent expert report being obtained which concludes that the transaction is in the best interest of shareholders, approval by various lenders of LawFinance Limited and continued solvency of JustKapital Litigation Pty Limited. For the year ended December 31, 2020, JustKapital reported Total revenue as (AUD 0.144007 million) and Total Assets as AUD 21.4272771 million. As of April 23, 2021, the transaction is approved by the shareholders of LawFinance Limited. The transaction is expected to close until April 30, 2021. Legal Equity Partners Pty Ltd completed the acquisition of JustKapital Litigation Pty Limited from LawFinance Limited (ASX:LAW) on June 24, 2021.