Government consultancy Matrix Knowledge has scored growth investment from turnaround firm RCapital.
The deal, which is for an undisclosed amount, will allow information management business Matrix to develop and grow its advisory, research and technology businesses in the UK, continental Europe and the US, according to a statement.
Jamie Constable, founder of RCapital, comments, ‘Matrix Knowledge is an ideal candidate for growth funds because of its distinct combination of technology, tools, experience and expertise.’ [extra:relevant]
Under the terms of the transaction, the growth investment is being made in TMKG and its subsidiaries, of which Matrix is one.
Jacqueline Mallender, CEO of Matrix, comments, ‘[This] represents a critical step in our long-term growth strategy. We plan to extend our work with US and European governments, agencies, and UK organisations, by delivering first rate research and analytical services on the changing needs of the global economy.’
Matrix’s work for the government has included a report for the UK Home Office on illicit drug trade in the United Kingdom. Working with the London School of Economics (LSE) the company interviewed 222 drug dealers and traffickers in prisons across England.
The deal for RCapital follows its decision in January to close 67 of its Little Chef restaurants, five years after the private equity firm paid £9 million to buy the chain.