3i has acquired a 75% stake in funerary business Mémora Inversiones Funerarias from Acciona for EUR 225m, in a deal which values the company at EUR 330m including debt. The transaction, which remains subject to approval by anti-trust authorities, will see Caja Madrid retain a 25% holding in the business.
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Gym administration software company will look to expand its US activities following the round
Company will look to expand its technology and personnel resources to match expected growth
Group has undergone several refinancings since Wendel's first investment in 2006