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Matrix Private Equity Partners highlights success amid economic downturn

Some businesses are flourishing in the face of the economic downturn with the support of private equity backing, according to Matrix Private Equity Partners.

Some businesses are flourishing in the face of the economic downturn with the support of private equity backing, according to Matrix Private Equity Partners.

It says Pasta King and DiGiCo, which are both investments of Matrix Private Equity Partners, are two examples of businesses that are doing well despite current market conditions.

Pasta King, the healthy meals supplier, recently won The Small to Medium Sized Business of the Year Award at the National Business Awards, sponsored by Orange, and has seen both its turnover and profits double in the two years since Matrix funded the management buyout in June 2006.

DiGiCo, a manufacturer of digital mixing consoles for the post production, broadcast, live performance and theatre markets across the world, has launched two new mixing desks since the management buyout in July 2007.

Bob Henry, partner at Matrix Private Equity Partners, says: ‘We invest in companies that have highly competent and driven management teams. With Pasta King and DiGiCo we made a difference by giving the management teams significant management stakes so that they were very well rewarded by the success of the businesses they managed. We make sure that the businesses we back are well funded. There is no point trying to grow a dynamic business if you are constantly scurrying to look at how much you have in the bank. Finally, we try to help management identify an agreed ambition and to build a coherent strategy designed to achieve that ambition. We take a simple view that unless you know where you want to end up, it’s difficult to find the way.’

Matrix Private Equity Partners currently has 40 companies within which it owns equity.

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