OpCapita could recover £50m from collapse of Comet OpCapita stands to recover about £50m from the collapse of Comet. Deloitte's report into the administration of the electricals chain, scheduled to be published on Monday, will show that Hailey Acquisitions, the investment vehicle through which OpCapita structured the deal, is the secured creditor and stands to make the recovery from the administration. OpCapita also received a £50m cash dowry from Kesa, now known as Darty, when it acquired Comet in February. It continues to own Comet's warranties business, which is not in administration. The recovery could spark fresh questions about the collapse of Comet, where all stores are due to close by December 18, and thousands of jobs will be lost. OpCapita, run by Henry Jackson, a former investment banker, structured the deal to buy Comet through a separate vehicle called Hailey Acquisitions. OpCapita's backing came from Greybull Capital, which specialises in acquiring underperforming and troubled companies, as well as Elliott Advisors, a US hedge fund, according to two people familiar with the situation. Deloitte's report will show that at the date of administration, Hailey was owed £145m. During the administration Deloitte has been selling stock, and will be paying about £40m to suppliers. Some £1.5m will be distributed to staff for arrears and holiday pay, while unsecured creditors will be paid £200,000. This leaves about £50m available for Hailey although the report will show that it would still be shouldering a loss of about £95m from the deal. OpCapita declined to comment. Deloitte's report will also show that in the year to April 30 2011, Comet made a loss of £32m. In the year to April 28 2012, this deficit rose to £95m, while the in the five months to September 30, Comet lost £31m. Comet plunged into administration in November, after running out of cash. People familiar with the matter said suppliers had become increasingly nervous over the preceding weeks, seeking more onerous terms from the business. With Comet stocking up for the peak Christmas trading season, this put a strain on its cash flow. Entrepreneur Clive Coombes had been in talks to acquire some Comet stores, but a deal is looking increasingly unlikely.