Latest news from Jon Moulton’s Better Capital stable portends well for portfolio plays Calyx Managed Services and stablemate m-hance (see Calyx making ‘significant progress’). It appears that Calyx “is generating steady profitability and cash” but it sounds like revenue growth is the challenge (no surprises there, of course). Business management software firm m-hance “continues to trade to plan … (and) remains on track to return capital to (the Fund) during the course of the year”. Meanwhile Omnico Group, the business formed from the merger of DigiPoS and Clarity Commerce (see here), is “performing to plan”.
All good stuff – Moulton doing what Moulton does best (so one assumes that even he couldn’t pull 2e2 out of the mire).
