Published by Global Banking & Finance Review®
Posted on April 7, 2025
1 min readLast updated: January 24, 2026
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3i Group delays the sale of MPM due to US tariffs on Thai exports, impacting potential valuation of 500 million pounds.
(Reuters) - British private equity firm 3i Group Plc has put the sale process of pet food maker MPM on hold to assess the impact of U.S. President Donald Trump's tariffs, Bloomberg News reported on Monday, citing people familiar with the matter.
MPM, which owns pet food brands like Applaws, Reveal, and Encore, sources its materials from Thailand, the report said.
The U.S. imposed a 36% tariff on Thai exports last week, one of its highest reciprocal rates under President Donald Trump's new trade policy that has escalated a global trade war.
A deal would have potentially valued MPM at about 500 million pounds ($635.75 million), according to the report.
The private equity firm is deliberating on it and could revive a sale when market conditions are favorable again, the report added.
3i Group declined to comment.
($1 = 0.7865 pounds)
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Leroy Leo)
The main topic is 3i Group delaying the sale of MPM due to the impact of US tariffs on Thai exports.
US tariffs on Thai exports are causing 3i Group to reassess the sale of MPM, which sources materials from Thailand.
The potential valuation of MPM was about 500 million pounds before the sale was delayed.
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