Private equity firm ‘hungry to cash in on pet food company investment’
A private equity group is looking to double its money on its investment in a Cheshire pet food business.
According to reports over the weekend, ECI Partners has appointed advisers to find a buyer for MPM, and is seeking in the region of £100m.
This is double the price ECI paid for a majority stake in the Macclesfield business in March 2016.
Rival bidders for the business included Belgium-based venture capital firm Verlinvest and Mayfair Equity Partners.
Mark Keeley, partner at ECI in Manchester, said at the time: “Pet o... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...