Better Capital

Better Capital is a British Private equity firm founded by Jon Moulton in 2009. ^[1]

Investments

Better Capital has had investments in the following companies:

• In February 2010, Better Capital acquired Gardner Group from The Carlyle Group ^[2]
• In April 2010, Better Capital acquired Reader's Digest UK from administrators Moore Stephens, backing a management buyout ^{[3] [4]}
• In July 2011, Better Capital acquired a majority stake of Fairline Yachts ^[5] in a joint venture with Royal Bank of Scotland ^[6]
• In April 2012, Better Capital acquired fashion chain Jaeger ^[7] (entered administration in April 2017) ^[8]
• In April 2013, Better Capital acquired City Link ^{[9] [10]} from Rentokil Initial (in administration, December 2014) ^[11]
• In September 2015, Better Capital sold Fairline Yachts to Wessex Bristol ^[12]
• In 2012, Better Capital acquired Everest, ^{[13] [14]} and in 2020 re-acquired the operations of the company in a pre-pack administration deal. ^[15]

In 2020, the firm delisted from the stock market after their investee companies suffered huge disruption to their businesses during the COVID-19 pandemic. ^[16]

Former Investments

• Northern Aerospace Limited ^{[17] [18]}

References

1. "The Team - Better Capital LLP". Bettercapital.london. Archived from the original on 2015-04-29. Retrieved 2015-11-19.
2. "Better Capital acquires Gardner Group from Carlyle". www.penews.com. Retrieved 2023-09-03.
3. Wray, Richard (2010-04-09). "Jon Moulton buys Reader's Digest UK from administrators Moore Stephens". The Guardian. ISSN   0261-3077 . Retrieved 2023-09-03.
4. Sweney, Mark (2010-04-09). "Reader's Digest UK bought by Jon Moulton firm in £13m deal". The Guardian. ISSN   0261-3077 . Retrieved 2023-09-03.
5. "Fairline is bought by Better Capital Limited and RBS - Motor Boat & Yachting". Mby.com. 2011-07-12. Retrieved 2015-11-19.
6. "Better Capital injects more at Fairline". Boating Business. Retrieved 2023-08-14.
7. "London Fashion Week label Jaeger bought out by Better Capital - Telegraph". Fashion.telegraph.co.uk. Archived from the original on 2015-11-19. Retrieved 2015-11-19.
8. Sullivan, Conor (2017-04-10). "Jaeger falls into administration putting 700 jobs at risk". Financial Times. Retrieved 2023-08-15.
9. "Rentokil sells City Link for £1 to Better Capital - BBC News". Bbc.co.uk. 2013-04-29. Retrieved 2015-11-19.
10. "Rentokil Initial sells City Link to Jon Moulton's buyout group". Financial Times. 2013-04-29. Retrieved 2023-08-10.
11. "City Link parcel delivery company goes into administration". BBC News. 2014-12-25. Retrieved 2023-08-10.
12. "Wessex Bristol acquires Fairline Boats". Boating Business. Retrieved 2023-08-14.
13. https://www.altassets.net/private-equity-news/by-news-type/deal-news/moultons-better-capital-buys-everest-windows-for-25m.html
14. "Moulton's Better Capital buys Everest Windows for £25m - AltAssets Private Equity News". Altassets.net. 2012-03-29. Retrieved 2015-11-19.
15. Ralph, Alex (2023-08-10). "Pre-pack deal was best bet for Everest". ISSN   0140-0460 . Retrieved 2023-08-10.
16. "Better Capital trusts delist as Covid-19 presents private equity funds with a new crisis". Citywire. Retrieved 2020-10-03.
17. "Better Capital 'frustrated' as Northern Aero sale cleared". Citywire. Retrieved 2019-04-11.
18. "BECAP Fund disposes of Gardner Aerospace for £326m | 12 June 2017 | Stock Market Wire". www.stockmarketwire.com. Retrieved 2019-04-11.

External links

• Official website ^[usurped]