UK - Matrix realises 2.5x from cake exit
Matrix Private Equity Partners has realised 2.5x its original investment through the sale of Ministry of Cake to the Greencore Group, for ТЃ12m. The exit sees Matrix, which invested through three of its VCTs, receive ТЃ5m in cash from the sale. Over the 26 month holding period the investment generated an IRR of 58%.
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