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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Director Théodore Schneider will reinvest alongside CVC to retain a 20% stake in the company
Sale follows a three-year tenure and reportedly values the care home operator at €236m
Following a three-year holding period, the GP sells its stake to a consortium led by Hat Orizzonte