UK small- to mid-cap house Lonsdale Capital Partners has backed the MBO of Avalon Funeral Plans.
Deal follows the acquisition of elderly care homes operator Gruppo Zaffiro in November 2016
Deal is the 12th transaction in 2017 for the UK-based growth capital investor
GP invested from its Enterprise fund, which typically provides equity tickets of £10-20m
Zenly has raised an estimated $35.12m (€32m) in total to date through three expansion rounds