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New Deal


Announced

Completed

Latour Capital completed the acquisition of a 33% stake in Funecap from Charterhouse Capital Partners for $398m.

Financials

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Transaction Value£289m
Consideration TypeCash
Capital Owned-
Capital Bid For33%
EV/Sales3.3x
EV/EBITDA14x
Share Price Premium-
One Off Charge-

Tags

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Completed

France

Funeral Parlors and Cemetery

Acquisition

funeral provider

Minority

Private

Domestic

Friendly

Private Equity

Single Bidder

Synopsis

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Private equity firm Latour Capital completed the acquisition of a 33% stake in Funecap, a funeral services and crematoria provider in France, from Charterhouse Capital Partners, one of the longest established private equity firms operating in Europe, for $398m. The management team and Charterhouse will look to provide significant reinvestment alongside Latour. The completion of the transaction is subject to the approval of the competition authorities.

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