3i Group to invest £125m in MPM Products.

3i Group, an investment company, agreed to invest £125m ($162m) in MPM Products, a food products provider. “We have been tracking MPM for a long time and are delighted to invest in this rapidly growing, resilient business. Owners looking to feed their pets natural, high quality food with recognisable ingredients are drawn to MPM’s brands across a variety of channels and geographies. MPM fits well with 3i’s desire to invest in strong mid-market businesses where we see significant headroom for further international growth,” Rupert Howard, 3i Group Director.