Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. 3i Group plc
  6. News
  7. Summary
    III   GB00B1YW4409

3I GROUP PLC

(III)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/24 11:37:42 am
1303.5 GBX   -4.85%
12:05aTemasek to acquire Bridgepoint's UK-based testing firm for $7 bln -sources
RE
01/18Kepler Cheuvreux Maintains 3i At Buy, Lifts PT
MT
01/14The latest from London: Investors shrug off GDP news
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

3i : invests in Mepal to accelerate international growth and strengthen its online business

11/18/2021 | 04:02am EST

18 Nov 2021 3i invests in Mepal to accelerate international growth and strengthen its online business

3i Group plc ("3i") announces that it has agreed to invest in Mepal, a leading Dutch lifestyle consumer brand that is known for its innovative, high-quality and sustainable products for storing and serving food and drink.

Headquartered in Lochem, the Netherlands, Mepal offers food storage boxes, tableware and on-the-go items (e.g. lunchboxes, bottles and flasks) for adults and children which are sold through mass and specialty retail channels, e-commerce partners and Mepal's own online channels. 3i is investing to support further growth in Mepal's existing core markets of the Netherlands, Belgium and Germany as well as develop new markets in Europe. In addition, 3i will support Mepal in growing its online business, further benefitting from increased e-commerce opportunities.

Mepal has a strong track record in both innovation and design and has won numerous leading design awards. The company's products are renowned for their original and premium design, functionality, convenience, quality and sustainability, resulting in market-leading levels of customer satisfaction.

Mepal has a strong focus on ESG; the majority of its products are made using 100% recyclable materials and most of its products are proudly made in Holland. Customers can re-order parts to extend the lifecycle of their products and the products themselves help reduce food waste and the usage of single-use packaging, such as plastic bags and single use cups and bottles.

Pieter de Jong, co-Head Private Equity 3i, commented: "We are excited about partnering with Rutger de Korte and his team to continue Mepal's success as a winning customer proposition. We see substantial international growth opportunity through leveraging the company's existing online capabilities as well as continuing to build on its strong presence in retail channels in the Netherlands, Germany and Belgium. We look forward to working with the management team to achieve Mepal's ambitions as a premium household brand."

Rutger de Korte, CEO Mepal, said: "Mepal is a very strong brand with 70 years of heritage. I am confident that with 3i as our partner, we will be able to achieve our growth ambitions in the years to come. I am looking forward to teaming up with 3i and taking the next steps together to continue the successful growth strategy of Mepal, through delighting our customers with smart and innovative products that last a lifetime."

The transaction is subject to customary antitrust approvals.

-Ends-

Download this press release

For further information, contact:

3i Group plc

Kathryn van der Kroft

Media enquiries

Silvia Santoro

Shareholder enquiries

Mepal

Liselore Stuut

Media enquiries

Tel: +44 20 7975 3021

Email: kathryn.vanderkroft@3i.com

Tel: +44 20 7975 3258

Email: silvia.santoro@3i.com

Tel : +31 612112908

Email: liselore@tulipamedia.nl

Notes to editors:

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com

About Mepal

Mepal is the smart, handy and innovative brand for at home and on the go. The products can be recognised by their well-thought-through solutions, functional and timeless appearance and contemporary design. Mepal ensures that enjoying important moments in life becomes very easy. Almost all its products are produced in the Netherlands. From their headquarters in Lochem they travel all over the world, with the Benelux and Germany as the key markets.

Regulatory information

This transaction involved a recommendation of 3i Investments plc, advised by 3i Benelux.

Disclaimer

3i Group plc published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 09:01:01 UTC.


ę Publicnow 2021
All news about 3I GROUP PLC
12:05aTemasek to acquire Bridgepoint's UK-based testing firm for $7 bln -sources
RE
01/18Kepler Cheuvreux Maintains 3i At Buy, Lifts PT
MT
01/14The latest from London: Investors shrug off GDP news
20213I GROUP PLC : Monthly statement on outstanding equity shares and voting rights
CO
2021GLOBAL MARKETS LIVE : Oracle, Pfizer, Tesla, Amgen, Royal Dutch Shell...
2021EUROPEAN MIDDAY BRIEFING - Stocks, Oil Prices -2-
DJ
2021NORTH AMERICAN MORNING BRIEFING : Stock Futures, -3-
DJ
2021Rio Tinto Names Dominic Barton Board Chair
MT
2021Omicron, Magellan Financial drag Australian shares lower
RE
2021DOMINIC BARTON : Stocks To Slide as Market Worries Mount
DJ
More news
Analyst Recommendations on 3I GROUP PLC
More recommendations
Financials
Sales 2022 3 822 M 5 151 M 5 151 M
Net income 2022 3 435 M 4 629 M 4 629 M
Net Debt 2022 802 M 1 081 M 1 081 M
P/E ratio 2022 3,90x
Yield 2022 3,17%
Capitalization 12 557 M 16 897 M 16 924 M
EV / Sales 2022 3,50x
EV / Sales 2023 4,76x
Nbr of Employees 234
Free-Float -
Chart 3I GROUP PLC
Duration : Period :
3i Group plc Technical Analysis Chart | III | GB00B1YW4409 | MarketScreener
Technical analysis trends 3I GROUP PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 1 298,50 GBX
Average target price 1 653,86 GBX
Spread / Average Target 27,4%
EPS Revisions
Managers and Directors
Simon Alexander Borrows Chief Executive Officer & Executive Director
Julia Susan Wilson Group Finance Director & Executive Director
David Alexander M Hutchison Non-Executive Chairman
Jasi Hari Halai Group Operating Officer & Financial Controller
John Decesare Director-Group Compliance
Sector and Competitors
1st jan.Capi. (M$)
3I GROUP PLC-5.45%17 963
BLACKROCK, INC.-12.52%121 487
BROOKFIELD ASSET MANAGEMENT INC.-12.03%84 249
UBS GROUP AG6.52%66 056
BANK OF NEW YORK MELLON CORPORATION (THE)-1.55%45 981
APOLLO GLOBAL MANAGEMENT, INC.-9.02%39 540