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.
Nutrisens management team, led by CEO Georges Devesa, retains a significant stake in the company
Intention to list comes four years after the GP acquired the company via its fourth fund
Online optician has previously received VC funding from investors including Grazia Equity and Goldman Sachs
Platform will enable smaller investors to put their secondaries stakes up for sale