Took place in company, rising, better – about right? (8)
I believe the answer is:
occurred
'took place' is the definition.
('occur' can be a synonym of 'take place')
'company rising better about right?' is the wordplay.
'company' becomes 'co' (abbreviation).
'rising' says the letters should be written backwards (going up in a down clue).
'better' becomes 'cured' (after being sick).
'about' means one lot of letters goes inside another.
'right?' becomes 'r' (common abbreviation).
'co' reversed gives 'oc'.
'cured' placed around 'r' is 'curred'.
'oc'+'curred'='OCCURRED'
'in' acts as a link.
(Other definitions for occurred that I've seen before include "Took place" , "Came to pass" , "Happened" .)