The private investors in sandalwood business Santanol Group, led by Tony Jack and Bob Bunning, have gained backing from litigation funder IMF Bentham for their fight against private equity group KKR.

IMF said today it would unconditionally fund the litigation, which started in the Supreme Court of Western Australia in August.

Santanol Group is one of two big growers of Indian sandalwood in the Kimberley, with the other grower, ASX-listed Quintis, also facing major financial and contractual problems.

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