UK - Octopus and Aberdeen provide FSP with additional £3.75m

Funeral Services Partnership (FSP) has secured an additional ТЃ3.75m of funding from Octopus Investments and Aberdeen Asset Managers Growth Capital. The deal represents the first by Octopus Investments Intermediate Capital team, a specialist mezzanine finance provider with a ТЃ45m fund. Octopus invested ТЃ2.75m alongside ТЃ1m from Aberdeen. Aberdeen originally provided a founding investment of ТЃ4m for the company during April and June 2007. The new funding has enabled FSP to complete the acquisition of a further five funeral businesses in the south of England. The management teamт€™s intention is to establish a major independent funeral services group made up of funeral services businesses and associated services, such as headstone suppliers, located across the UK.