Better Capital lands yachtmaker in 'opportunistic' deal

Jon Moulton’s private equity firm has acquired its fourth investment in eight days through a 'very unusual' joint venture with RBS

Jon Moulton’s Better Capital has acquired luxury boat maker the Fairline Group, its fourth investment in eight days, through a joint venture with Royal Bank of Scotland.

The private equity firm has reached an agreement to purchase a majority stake in Masco 30, a new vehicle set up to acquire the luxury yacht and power boat maker from UK private equity firm 3i. RBS will take a minority stake in Masco 30.

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