Shareholder wants an exit from Iglu

The main backer of Iglu, the online holiday company, has put its share up for sale.

Matrix Private Equity bought into the company in 2009 but decided to sell after approaches from prospective buyers.

When Matrix acquired its stake the skiing specialist was worth £5 million, but is now thought to be valued significantly higher.

Livingstone Partners, a corporate finance firm, will oversee the sale of Matrix’s “significant” minority stake.

Iglu’s biggest shareholders, its management, are not looking to sell.