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  5. Acquisition

Pin to quick picksBCAP.L Regulatory News (BCAP)

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Acquisition

30 Dec 2011 09:38

RNS Number : 7915U
Better Capital Limited
30 December 2011
 



BETTER CAPITAL LIMITED

30 December 2011

ACQUISITION

Better Capital Limited is pleased to announce that further to BECAP Fund LP's (the "Fund") conditional commitment announced on 6 July 2011, on 29 December 2011 the Fund completed the acquisition of the UK and Irish business of Spicers, from Unipapel SA, immediately after its acquisition of the entire pan-European Spicers business from DS Smith Plc.

Spicers is an office products and stationery supplier, which had UK revenue of ÂŁ343 million for the year ended April 2010 (1).

The Fund has committed a total of ÂŁ40 million to a majority-owned special purpose vehicle set up to effect the transaction.

(1) Source: the audited financial statements

Enquiries:

Better Capital Limited +44 (0)1481 716 000

Mark Huntley (Director)

Laurence McNairn (Administrator and Company Secretary)

 

Better Capital LLP +44 (0)20 7440 0840

Mark Aldridge (CEO)

 

Numis Securities Limited +44 (0)20 7260 1000

Nathan Brown

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQEANAEDDKFFEF
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22nd Jan 20192:41 pmRNSDirector/PDMR Shareholding
10th Dec 20184:30 pmRNSDirector/PDMR Shareholding
5th Dec 201812:03 pmRNSDirector Declaration
3rd Dec 20187:00 amRNSInterim Results Update
29th Oct 20185:00 pmRNSPreliminary NAV views as at 30 September 2018
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31st Aug 20184:09 pmRNSHolding(s) in Company
31st Aug 201812:45 pmRNSDirector/PDMR Shareholding
22nd Aug 20184:30 pmRNSEverest Valuation at 31st March 2018/SPOT Progress
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6th Aug 20187:00 amRNSNotice of Annual General Meetings
3rd Aug 201810:11 amRNSHolding(s) in Company
26th Jul 201811:00 amRNSDistribution of Capital
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23rd Jul 20187:00 amRNSFurther Update Re: Sale of Northern Aerospace Ltd
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