Private equity firm Better Capital has acquired some of the assets held by DigiPoS Store Solutions. Industry heavyweight Jon Moulton’s investment group has committed £21 million to purchase certain bank facilities and related rights owned by DigiPos.
The PE firm will fully own and control the ‘special’ vehicle used for the purchase, according to a statement from the turnaround specialist.
DigiPoS, headquartered in the UK with subsidiaries across the world including the US, supplies electronic PoS hardware and software and provides related installation services. Last year the group achieved sales of £57 million and generated an EBITDA of £2 million, with total net assets of £10 million.
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