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Better Capital PCC Fund Sells Stake In Luxury Boat Maker Fairline

Tue, 29th Sep 2015 11:36

LONDON (Alliance News) - Better Capital PCC Ltd on Tuesday said its BECAP Fund LP has sold its stake in luxury boats designer Fairline Boats Ltd for a "modest deferred consideration".

The company has been sold to a special purpose acquisition vehicle affiliated with the Wessex Bristol group of companies.

Better Capital acquired the company in 2011 alongside West Register Investments Ltd.

Better Capital shares were down 0.5% to 99.50 pence on Tuesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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