Busy week for Matrix
Within a matter of days, VCT Matrix Private Equity Partners recouped 4x money on the £10m sale of Tottel Publishing, and teamed up with Aberdeen spinout Maven to back the £4m MBO of Westway Cooling. Matrix initially invested in Tottel in 2004 when it committed £750,000 for a minority stake in the business. The Co-operative Bank provided debt for the Westway deal. (See pages 36 and 38).
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