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.
Fund targets later-stage venture capital investments, mainly across the DACH region
Company will use the fresh capital for the roll-out and expansion of a new networking platform
VC is joined in the round by Quadia, Localglobe, Atlantic Food Labs, Ideo and Demand Analytics
Deal marks the first acquisition for the GP's latest vehicle, Alto Capital IV