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
- 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?