UK - MEP to sell MFI to management

nicola
29 September 2008

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Reports suggest that Merchant Equity Partners-backed kitchen and bathroom retailer MFI Retail Ltd is to be bought back by its management team for around ТЃ25m, saving it from collapse.

Merchant Equity Partners had acquired MFI in 2006 for the nominal sum of one British Pound. If the buyback falls through, Kroll is said to be taking on the role as administrator.

The purchase is expected to be completed within the next day.

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