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.
As evidenced by the recent VistaJet and Pattonair deals, PE is increasingly looking at the aviation and aerospace sectors for opportunities
New managing director is joining from her previous role at Axa Investment Managers
Backers in the round include angel investors from the US, France and Finland
Content management platform will invest in product development following the deal