Better Capital’s Acquisition of CAV Aerospace

Acquirer

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.