UK - Matrix completes two buyouts in matter of weeks

Matrix Private Equity backed two management buyouts before the close of 2006, to bring its 2006 tally to eight new investments with an aggregate enterprise value of £65m. The first was the £14m management buyout of Pinewood, the leading UK manufacturer of timber frame components. Matrix has acquired a 37% stake for a £4.4m investment in the business. Pinewood has a well-established position in the UK housing market supported by longstanding partnerships with the main house builders.