3i Group appoints Harris Williams to auction MPM
Shares in 3i have risen by two-thirds over the last year, and the company now has a market capitalisation of over £32bn
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Private equity company 3i Group has appointed Harris Williams to sell MPM, according to reports from Sky News.
3i Group invested roughly £125m in MPM in November 2020 alongside the company’s management team.
A sale, which would be likely to take place sometime in 2025, would be likely to rank among 3i’s biggest exits for years.
MPM focuses on branded premium pet food products such as Applaws, Encore and Reveal.
Based in Manchester, MPM was founded in 2002 and focuses on branded premium pet food products.
Shares in 3i have risen by two-thirds over the last year, and the company now has a market capitalisation of over £32bn.
