Better invests additional £7.5m in Jaeger
Better Capital has injected a further £7.5m into Jaeger, the UK high-end fashion retailer.
The GP acquired a majority stake in Jaeger in April 2012 for £19.5m, with funding drawn from a special purpose vehicle owned by BECAP12 Fund LP. It also committed a further £20.5m of additional investment at the time.
The fresh capital will enable the retailer to invest in new outlets, improve existing sites and also enhance its online operations. It brings Better's overall investment in the company to £47.5m.
The GP stated it might provide additional funding to Jaeger later in 2014, dependent on further expansion opportunities.
Company
Jaeger is a British high-end fashion retailer founded in 1884. According to reports from the Independent, the retailer saw its Christmas trading for 2013 increase by 20% year-on-year.
People
Colin Henry is CEO of Jaeger.
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