Recent Deal

Matrix Private Equity backs UK ski specialists

Matrix Private Equity has invested £4.3m in the management buyout and recapitalisation of Iglu.com, the UK’s largest specialist ski and fastest growing cruise holiday travel agent. Matrix provided both the equity and the debt for the transaction. iglu.com was founded by managing director, Richard Downs who identified the potential for an internet travel agency specialising in ski holidays in 1998. In 2005 iglu.com entered the cruise holiday sector, where it saw a growing niche market that lacked specialist, independent agents and a high quality online offer.

Marriott Harrison advised Matrix Private Equity Partners on its investment with a team led by Duncan Innes and Jonathan Leigh-Hunt.