Matrix fundraises to target MBOs

Matrix Private Equity Partners aims to raise £21 million to invest in buy-outs as CEO Mark Wignall says 'valuations have become more attractive'.

The company’s three venture capital trusts (VCTs), Matrix Income and Growth VCT, Matrix Income and Growth 4 VCT and the Income and Growth VCT, have been opened for investments of between £5,000 and £200,000 as part of the fundraising.

The three trusts have combined assets of almost £100 million with a portfolio of more than 50 companies.

The launch follows the announcement of Matrix investing £5 million in the management buy-out of recruiter RDL Corporation.

Matrix chief executive Mark Wignall says: ‘At this lower point in the economic cycle company valuations have become more attractive, with positive signs that vendors want to sell believing that they won’t get a better price if they wait another year or so.’

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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