SPWOne and Phoenix Asset Management-backed Castelnau Group completed the acquisition of Dignity for £789m.

SPWOne, an investment firm, and Phoenix Asset Management-backed Castelnau Group, a holding company, completed the acquisition of Dignity, a funeral services provider, for £789m ($733m). "Dignity has long-term growth potential - the signs are clear to me. But the changes and significant development work and investment needed to enable this growth mean the best way forward for Dignity is as a private company," Peter Wood, SPWOne Chairman.