Matrix takes stake in recruiter RDL

Matrix Private Equity has invested £5 million to back the management buy-out of European recruiter RDL Corporation.

The deal sees Matrix take a minority holding in RDL, which serves the pharmaceutical, business intelligence and IT sectors.

Iain Livingston, an operating partner at Matrix, will become RDL’s chairman.

Matrix partner Jonathan Gregory says the pharmaceutical and business intelligence jobs markets have seen strong recent growth and he expects the upward trend to continue as European economies rebound from the recession.

Before the management buy-out, RDL had been privately held by the company’s two founders.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk 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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