Mayborn
- New Investment
- Location: UK
- Sector: Consumer
- www.mayborngroup.com
First investment
3i's Eurofund IV invested £58m in July 2006 to fund the £137m public-to-private buyout of Mayborn and its planned expansion.
Nature of business
A UK-based manufacturer and distributor of branded and own-label baby (75% of sales) and household products (25% of sales). Market leading brands include Tommee Tippee (baby products) and Dylon (fabric dyes).
| Results to 31 December | 2005 (audited) £m |
|---|---|
| Sales | 76 |
| EBITDA | 13 |
Current trading
Since our investment in July 2006 the business has performed in line with expectations, with full year sales expected to be up on prior year and an improved cash flow.
Developments since 3i invested
In July 2006, former International President of Burger King, Nish Kankiwala, was appointed CEO through 3i's introduction. A detailed business plan is currently being implemented which aims to further internationalise the business.
| 3i Group plc’s investment as at 31 March |
2007 £m |
2006 £m |
|---|---|---|
| Cost | ||
| Equity and loan | 49 | n/a |
| Directors’ valuation | ||
| Equity and loan | 49 | n/a |
| Equity interest | 36% | n/a |
| Income in the year | 5 | n/a |