UK - Matrix realises 3.3x from full BBI exit

Matrix Private Equity Partners has realised over 3.3x its original investment of ТЃ2.3m through the sale of its shareholding in AIM-listed BBI Holdings Plc. Matrix originally invested in BBI, a healthcare business that focuses on diagnostics and diabetes, in 2000, before listing it on AIM in 2004. The final realisation opportunity arose through BBIт€™s recommended all cash or shares offer by Inverness Medical Innovations. Matrix funds have received ТЃ7.8 million proceeds over the seven year life of the investment, achieving an IRR of 31%.