Daily Telegraph – Cerberus, the American hedge fund, has sold its stake in Merchant Equity Partners, the owner of the MFI furniture chain, to Hilco and Goldman Sachs.
The secretive investment firm was one of the original backers of MEP but is understood to have sold its stake in the furniture chain’s owner several months ago. It is believed that its stake was split between Goldman and Hilco, the turnaround specialist, both of which were existing MEP backers.
MEP was launched by Henry Jackson, a former investment banker, and has made two acquisitions in the furniture retail sector.