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Monday, 2 April 2012

Everest Acquired by Better Capital

Better Capital, headed up by turnaround veteran Jon Moulton, has acquired replacement window and conservatories manufacturer and installer, Everest Limited in an undisclosed deal. Everest had sales of £173m last time.

Better Capital will take 95% of the equity and provide working capital of £25m. No news yet of the cost to acquire the some £33m of bank debt held by Bank of Scotland.

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