Funeral Services Partnership (FSP) has secured an additional £3.75m 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 £45m fund. Octopus invested £2.75m alongside £1m from Aberdeen. Aberdeen originally provided a founding investment of £4m 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 team’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.
Oddo BHF Private Equity Secondaries Fund has a focus on secondary transactions ranging from €5m to €50m
Although the coronavirus pandemic has set back plans for many GPs, a number of buyout and venture vehicles are on the road in the DACH region
Firm is already nearing the overall amount raised by its €413m predecessor
Acquisition of the France-based company is Silver Lake's first European acquisition of 2020