Better Capital reports funding for SPOT
| 25 September, 2014
Better Capital reports that BECAP12 Fund LP has provided £10m of short term funding to the Spicers-OfficeTeam Group, the holding company of SPOT.
This additional funding is to improve further the stockholding depth of SPOT.
The 2012 Fund's investment in SPOT now totals £100m.
There is an expectation that there should be a significant return of capital from SPOT in the first half of 2015 as good progress is being made towards accessing the synergies of the two businesses.