3i Group Acquires Majority Stake in MPM

November 9, 2020

3i Group plc has agreed to invest c. £125m alongside MPM's management to acquire a majority stake in MPM, the Manchester-headquartered maker of premium pet food brands Applaws, Encore and Reveal. The transaction represents a sale by ECI Partners (which achieved a 4.4x return) and is intended to accelerate MPM's international expansion, particularly into North America; completion is subject to regulatory clearance.

Buyers
3i Group plc, MPM management team
Targets
MPM
Sellers
ECI Partners
Industry
Food & Beverage
Location
Greater Manchester, United Kingdom
Transaction Type
Buyout

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