Conditional Commitment to Acquire
BETTER CAPITAL LIMITED
6 July 2011
CONDITIONAL COMMITMENT TO ACQUIRE
Better Capital Limited is pleased to announce that on 5 July 2011 BECAP Fund LP (the "Fund") entered into an agreement to acquire the UK and Irish business of Spicers, a pan-European supplier of stationery and office products, which is currently a subsidiary of DS Smith Plc, from Unipapel SA. The agreement is conditional upon the proposed disposal of Spicers by DS Smith Plc to Unipapel SA being completed.
The Fund has committed £40 million to a wholly owned special purpose vehicle set up to effect the transaction.
Better Capital Limited+44 (0)1481 716 000
Mark Huntley (Director)
Laurence McNairn (Administrator and Company Secretary)
Better Capital LLP +44 (0)20 7440 0840
Jon Moulton (Chairman)
Numis Securities Limited+44 (0)20 7260 1000
Powerscourt+44 (0) 20 7250 1446