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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Endless and Alteri Investors were also reportedly in the bidding process for the UK DIY retailer
Acquisition of Hawthorn's 298 pubs expands NewRiver's pub portfolio to 629 locations
Forecast's management team will stay on with the business following the deal