Better Capital’s Acquisition of CAV Aerospace
Better Capital’s Fund II has committed £40m to CAV Aerospace.
CAV is a specialist aerospace manufacturing business, which supplies complex metallic components and sub-assemblies to several major original equipment manufacturers including Airbus, Embraer and Gulfstream. The company operates from seven sites – four in the UK, two in Poland and one in Mexico.
The audited revenue for the year to 31 December 2013 was £74m, with the business operating close to breakeven.