Better Capital 2012 Cell : BC12 – acquisition

The Better Capital 2012 Cell has committed £90m to the acquisition and restructuring of OfficeTeam  – which they describe as “a leading UK supplier of office products and services”. The fund is paying £80m to acquire the business and has set aside £10m to fund its restructuring. OfficeTeam had revenues of £142m in 2013 and this translated into pre-exceptional EDITDA of £13m.

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