The company offers food storage boxes, tableware and on-th-go items such as lunchboxes, bottles and flasks.
3i said it was 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.
Pieter de Jong, co-head for private equity at 3i, said, “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.”
Last month 3i scored a 2.6x return by selling Magnitude Software to trade buyer Insightsoftware for £344m, double what the business was valued at the end of June.
Other recent deals from 3i include agreeing to invest about £125m alongside management for a majority stake in premium cat food business MPM, and a $120m investment in recruitment specialist Wilson Human Capital Group as it banks on revitalised growth for the industry post-Covid-19.
Copyright © 2021 AltAssets