3i to sell Mayborn at 3.5x money multiple
3i Group, the London private equity firm, and funds it manages agreed to sell Mayborn Group to Shanghai Jahwa (Group) Co. In a statement, 3i said that total proceeds to 3i and funds “represent a 3.5x money multiple. Proceeds … will be £135m, in line with 3i's valuation at 31 December 2015. These amounts are in addition to £32m received by 3i through a refinancing in 2012.” 3i took Mayborn private in 2006. In that time, Ebitda tripled, reaching more than £25 million ($36.4 million) in 2015. Net sales in 2015 were £130 million, 60 percent of which were international sales. Shanghai Jahwa is the parent of the Chinese consumer-products firm Jahwa United Co. Jahwa Group is wholly owned by Ping An Insurance Group.
28 April 2016•3 mins read
