Spicers gets funding boost
| 22 May, 2014
Better Capital has been informed that BECAP Fund LP has provided further funding to the holding company of Spicers Ltd, one of its portfolio companies.
Better Capital PCC said that BECAP Fund LPis investing a further £5 million to BECAP Spicers (UK) Ltd to fund continuing initiatives and the working capital requirements
"This further funding into Spicers coincides with Lloyds Bank Commercial Finance extending its facilities to May 31, 2016," Better Capital said in a statement.