Harris Williams Advises MPM Products on its Pending Sale to 3i Group
November 09 2020 - 12:56PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it is advising MPM Products
(MPM), a portfolio company of ECI Partners (ECI), on its pending
sale to 3i Group (3i). MPM produces premium, natural pet food for
discerning cat and dog owners under the Applaws, Encore and Reveal
brands. The transaction is being led by Will Bain and Ryan Budlong
of the Harris Williams Consumer Group and Daniel Wang, a managing
director leading the firm’s efforts in Asia.
“It has been a pleasure to work alongside MPM’s shareholders and
management team on this transaction. Julian Bambridge, James
Bracewell and the whole team at MPM have firmly established
themselves as one of the global leaders in the independent premium
pet food space,” said Will Bain, a managing director at Harris
Williams. “The pet sector continues to see increased activity,
particularly for high-quality businesses such as MPM that have
performed exceptionally well through the global disruption caused
by COVID-19. MPM’s significant international footprint led to
strong buyer interest from across the globe.”
Ryan Budlong, a managing director at Harris Williams, added,
“Under ECI’s stewardship, MPM has grown into a global platform with
a truly differentiated and consumer-centric offering. We are
pleased to have leveraged the global Harris Williams platform to
generate strong buyer interest across three continents.”
MPM is headquartered in Manchester, England and produces
premium, natural pet food for discerning cat and dog owners under
the Applaws, Encore and Reveal brands. MPM differentiates itself
through its high quality, human-grade products, its natural,
clean-label ingredients and its “cat-first” proposition. Its
international sales account for more than 60% of revenues, with the
company having an established presence in the U.K., Europe, Middle
East, Africa and the Asia-Pacific region, as well as a fast-growing
business in North America. MPM has developed strong relationships
with key retailers across pet specialist, grocery and online
channels.
ECI is a leading private equity investor, investing in growing
businesses valued up to £250 million. It has over 40 years of
experience collaborating with management teams to build successful
global businesses. With an unrivalled track record of over 110
realizations, ECI focuses on technological and market disruption as
well as long-term structural trends in the technology, media and
telecom; business and financial services; and consumer sectors.
Investing as either a majority or a minority investor, ECI is
currently investing its eleventh buyout fund and manages
approximately £1.7 billion on behalf of its institutional
investors.
3i is an investment company with two complementary businesses,
private equity and infrastructure, specializing in core investment
markets in Northern Europe and North America. 3i’s private equity
team provides investment solutions for growing companies, backing
entrepreneurs and management teams of mid-market companies with an
enterprise value typically between €100 million - €500 million. The
company backs international growth plans, providing access to its
network and expertise to accelerate the growth of companies across
the consumer, industrial, healthcare, and business and technology
services industries.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed more than 60
transactions in recent years across a variety of verticals,
including branded consumer products; consumer services; food,
beverage and agribusiness; and restaurant and retail. For more
information on the Harris Williams Consumer Group and other recent
transactions, visit the Consumer Group’s section of the Harris
Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201109005906/en/
For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Sep 2024 to Oct 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Oct 2023 to Oct 2024