Litigation financing giant IMF Bentham is rebranding as Omni Bridgeway after a November merger with the Dutch funder created a entity with more than $1.5 billion in capital.

As part of the the announcement that IMF Bentham would acquire all of Omni Bridgeway's investment and business activities for a minimum of $61 million, the entities stated that they would take one global name, and shareholders approved the adoption of Omni Bridgeway at the company's general meeting Friday.

"Our people are delighted to be united under the Omni Bridgeway name. Over more than three decades, Omni Bridgeway has become a highly respected and trusted name in international dispute resolution, particularly in key growth markets such as Continental Europe and Asia," IMF Bentham chief executive officer and managing director Andrew Saker said in a statement.

While IMF Bentham was founded in 2001, and its predecessor IMF Australia began funding disputes in that country in the 1990s, Omni Bridgeway traces its name back to 1986 in the Netherlands.

The combined company has 18 offices in 10 countries across North America, Asia, Europe, Australia and the Middle East, with 145 professionals experienced in legal and recovery systems worldwide and fluent in more than 20 languages. In its most recent expansion before the merger, Omni Bridgeway acquired German litigation funder ROLAND ProzessFinanz in 2017.

The company will continue to trade on the Australian Securities Exchange, but will assume a new ticker symbol to reflect its new name.

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Australian Litigation Funder IMF Bentham Merges With Dutch Peer