Turnaround player Better Capital has sold aerospace components supplier Gardner Aerospace Holdings to trade buyer Shaanxi Ligeance Mineral Resources (SLMR) in a deal giving the business an enterprise value of £326m.
Deal will enable the online booking platform to expand its operations team and prepare for a US launch
Acquirer is currently investing from its sixth flagship fund, which writes equity cheques of €100-300m
GP buys a 70% stake in insurance business Groupe Premium, investing alongside management
Company will use the fresh capital to support the launch of its new Atlas motorcycle helmet