Better Capital completes Fairline Boats sale

29th Sep 2015 15:19

(ShareCast News) - Investment group Better Capital said its BECAP Fund has completed the sale of its stake in Fairline Boats to a special purpose acquisition vehicle affiliated with the Wessex Bristol group of companies.The London-listed company said Fairline, a luxury boat designer which it acquired in 2011, for what it described as a "modest deferred consideration".Better Capital added that the buyer has agreed to provide further funding into Fairline and is committed to taking the company "on its next stage of growth, leveraging on the strong following the brand still enjoys".Better Capital shares were down 4.50% to 95.50p at 1546 BST on Tuesday.