Doughty Hanson, the UK private equity firm, has more than trebled its money after selling its remaining stake in RHM, five years after buying the UK food group for £1.2bn (€1.7bn) and a year after floating a majority stake for £672m.

Doughty Hanson, which remained RHM's largest shareholder after the flotation last July, has sold its 26.6% holding, approximately 93 million shares, through an accelerated bookbuild secondary placing arranged by Credit Suisse.