Global investment manager Fortress Investment Group announced plans to acquire litigation funder Vannin Capital on Friday, almost a year after Vannin put plans for an IPO on hold.

In a deal expected to close in October, New York-based Fortress will acquire 100% of the equity in Vannin from existing shareholders, including majority owner Bramden Investments, a private equity vehicle funded entirely by DLA Group, a family office based in the Isle of Man. The value of the deal is confidential.

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