Investment Criteria

The Better Capital Funds invest opportunistically in turnaround situations

Typical target businesses

  • UK, Irish or Continental European mid-market companies
  • Turnover between £50m and £500m
  • Require restructuring operationally and financially
  • Need equity investment of up to £100m
  • Have structural problems

Key differentiators

  • Focus on operational improvement and not financial re-engineering
  • Bearish attitude to leverage - rarely reliant on debt raising
  • Ability to transact at incredible speed
  • Situation specialists, not sector specialists

The essence of our analysis

  • Is there a decent business here?
  • Is there a transaction structure that facilitates extracting it?
  • Are there a few controllable steps to move to profit, that require cash and experience?
  • Can the foundations be created that will allow it to thrive?