RJD Partners says it has seen a positive start to the first quarter of 2010 with its portfolio companies continuing to make good progress against their strategic plans.
Ipes, its private equity fund administration business, had a successful first year following its buyout in late 2008 and forecasts further strong progress in 2010.
Ipes has signed a number of important new clients and expects to complete the accreditation of a new office in Luxembourg shortly.
Stone Group, provider of technology solutions to the education sector, has just been appointed as a listed supplier by Buying Solutions, the national procurement partner for UK public services. This will enable the company to expand into new markets and supply an increased customer base, with a greater focus on work with the emergency services, the NHS and councils. Stone was included in The Sunday Times Deloitte Buyout Track 100 for a second consecutive year.
Strong trading at Comtec, the travel technology company, was reflected in it also being included in The Sunday Times Deloitte Buyout Track 100. Comtec has also established firm foundations in Canada over the last year, acquiring an office in Toronto, signing a contract with British Columbia Ferries and reaching an agreement with the Canadian travel solutions technology provider Accovia to become the exclusive distributor of Comtec’s Travelink Tour Operating Software in the Canadian marketplace.
Teaching Personnel, the provider of supply staffing solutions to the schools sector in England and Wales, was RJD’s third investee company to be recognised in The Sunday Times Deloitte Buyout Track 100.
The RJD Partners Private Equity Fund II still has over 50 per cent to invest in the leisure, support services, IT services, financial services and healthcare sectors.
