In December 2016, Better Capital announced it had sold iNTERTAIN Limited to Stonegate Pub Company for an enterprise value of £39.5m.
Duff & Phelps acted as the financial advisor to Better Capital on the transaction.
Better Capital acquired iNTERTAIN in November 2014 and successfully restructured and invested in the business, returning it to being profitable and cash generative.
iNTERTAIN owns and operates a national chain of bars trading principally under the Walkabout brand.
Stonegate is one of the UK's largest managed pub companies, with 662 sites nationwide.
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has been acquired by
Duff & Phelps achieved a business turnaround following 18 months of trading, during which time the theme park and additional properties were developed through investment of £35m. Exit was via CVA which enabled dividend to be paid to unsecured creditors.
has received a USD 40,000,000 Loan Facility.
has received a dual tranche credit facility.
has received a credit facility to finance the acquisition of
The company experienced working capital difficulties prior to Administration. Duff & Phelps was appointed Administrator and successfully led the sale to Visionscape Group, preserving the jobs of all staff.
a portfolio company of
has entered into a management services agreement with an affiliate