OTPP acquired Memora, the leading Iberian funeral services company, from 3i for £117m. Pablo Echart, Director at 3i Spain, commented: "During our investment period, Mémora has cemented its leading market position in the provision of funeral services in Spain and Portugal. With 3i's support, Mémora's management team has built a differentiated robust business model to capture the growth potential in this market. I would like to thank CEO Juan Jesús Domingo and his team for their commitment, and I wish them well in the future".