Matrix Private Equity Partners (MPEP) is aiming to raise £15m in an S share offer for The Income & Growth VCT, formerly named TriVest VCT, on the back of strong performance in the sector and by MPEP. The new S share fund will be managed separately from the existing dual managed O share fund. It will be a single share class managed solely by MPEP.
Charcoal and natural additives company saw final bids from two banks and one direct lender
VCs including the Swiss Entrepreneurs Fund, BtoV and Ringier Digital Ventures also participated
Around 40 existing and new LPs, including British Patient Capital and the EIF, participated
Fund will invest in buyouts, recapitalisations and carve-outs of both profitable and underperforming businesses