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PCP Capital's claim against Barclays 'has no credible basis,' London court told

By Annie Robertson ( October 14, 2020, 15:40 GMT | Insight) -- Barclays Bank today rubbished claims by PCP Capital Partners that it played an instrumental role in securing billions of pounds of crisis-era rescue funds for the lender, telling a London court they were “hopeless, wishful thinking.” The High Court was told the venture capital firm “was a novice in raising finance" and would never have secured the capital required for Barclays' deal with Qatari investors in 2008.Barclays Bank today rubbished claims by PCP Capital Partners that it played an instrumental role in securing billions of pounds of crisis-era rescue funds for the lender, telling a London court they were “hopeless, wishful thinking.”...

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