Better Capital Explained
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
External links
Notes and References
- Web site: The Team - Better Capital LLP . Bettercapital.london . 2015-11-19 . https://web.archive.org/web/20150429054734/http://www.bettercapital.london/team.cfm . 2015-04-29 . dead .
- Web site: Better Capital acquires Gardner Group from Carlyle . 2023-09-03 . www.penews.com . en-GB.
- News: Wray . Richard . 2010-04-09 . Jon Moulton buys Reader's Digest UK from administrators Moore Stephens . en-GB . The Guardian . 2023-09-03 . 0261-3077.
- News: Sweney . Mark . 2010-04-09 . Reader's Digest UK bought by Jon Moulton firm in £13m deal . en-GB . The Guardian . 2023-09-03 . 0261-3077.
- Web site: Fairline is bought by Better Capital Limited and RBS - Motor Boat & Yachting . Mby.com . 2011-07-12 . 2015-11-19.
- Web site: Better Capital injects more at Fairline . 2023-08-14 . Boating Business . en.
- Web site: London Fashion Week label Jaeger bought out by Better Capital - Telegraph . Fashion.telegraph.co.uk . 2015-11-19 . dead . https://web.archive.org/web/20151119233338/http://fashion.telegraph.co.uk/article/TMG9206677/London-Fashion-Week-label-Jaeger-bought-out-by-Better-Capital.html . 2015-11-19 .
- News: Sullivan . Conor . 2017-04-10 . Jaeger falls into administration putting 700 jobs at risk . Financial Times . 2023-08-15.
- Web site: Rentokil sells City Link for £1 to Better Capital - BBC News . Bbc.co.uk . 2013-04-29 . 2015-11-19.
- News: 2013-04-29 . Rentokil Initial sells City Link to Jon Moulton’s buyout group . Financial Times . 2023-08-10.
- News: 2014-12-25 . City Link parcel delivery company goes into administration . en-GB . BBC News . 2023-08-10.
- Web site: Wessex Bristol acquires Fairline Boats . 2023-08-14 . Boating Business . en.
- https://www.altassets.net/private-equity-news/by-news-type/deal-news/moultons-better-capital-buys-everest-windows-for-25m.html
- Web site: Moulton's Better Capital buys Everest Windows for £25m - AltAssets Private Equity News . Altassets.net . 2012-03-29 . 2015-11-19.
- News: Ralph . Alex . 2023-08-10 . Pre-pack deal was best bet for Everest . en . 2023-08-10 . 0140-0460.
- News: Better Capital trusts delist as Covid-19 presents private equity funds with a new crisis. en. Citywire. 2020-10-03.
- News: Better Capital 'frustrated' as Northern Aero sale cleared. Citywire. 2019-04-11. en.
- Web site: BECAP Fund disposes of Gardner Aerospace for £326m 12 June 2017 Stock Market Wire. www.stockmarketwire.com. 2019-04-11.