Better Capital acquires 90% of Jaeger Group

The transaction includes all of the company's secured debt and a 90% equity stake. The debt is said to be worth more than £9.5m.

Capital was drawn from a special purpose vehicle owned by BECAP12 Fund LP, which closed on £170m in December 2011. It is the second investment from this fund; Better acquired a 95% stake in UK-based home improvement products manufacturer Everest in an all-equity, £25m transaction at the end of March.

Company
Jaeger is a British high-end fashion retailer founded in 1884. In the year leading up to February 2011, the company's revenues were £94m, with an operating profit of £1m and net assets worth £11m.

The company employs 1,063 people.
 

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• Topics
• Buyouts
• UK / Ireland
• Consumer
• Better Capital LLP