Matrix has sold its investment in Pasta King, the provider of healthy, pasta-based quick service meal alternatives. Pasta King has been sold to a management buy-in team funded by NBGI Private Equity for £13 million.
The CEO of recently exited Matrix portfolio company PastaKing was recognised in the inaugural BVCA 'CEO of the Year Awards'. Sue Davenport, CEO of PastaKing won 'Woman CEO of the Year' at the National Finals held in London. South-West based PastaKing, a provider of healthy pasta meals, has achieved strong growth following Matrix’s backing.
Publisher of high quality books on law and tax and information services for lawyers, accountants and business professionals, to Bloomsbury Publishing plc, the publishers of the Harry Potter novels, for £10 million.
Matrix has invested £1.5m alongside Maven Capital Partners as part of a £4m equity package to finance the management buyout of Westway Cooling, a provider of air conditioning and facilities management services.