3i Group / Mayborn - May 2006

On 25 May, Jake Acquisitions plc, a company formed by 3i Group, announced a recommended cash offer to acquire Mayborn Group plc, a UK producer of baby and household products, in a public to private by way of a scheme of arrangement, valuing the Company at approximately £137m on an enterprise value basis.

Shareholders will receive 500p per share plus a shareholding in Tube Plastics, a subsidiary of Mayborn, which will be demerged as part of the transaction. Shareholders have the option to retain a stake in the business by rolling part of their consideration into up to 20 per cent. of newco equity. Nish Kankiwala, who was previously president of Burger King International, will take over as CEO of Mayborn on completion.

Canaccord Genuity acted as sole financial advisor to 3i.