Cinven Plots Bid For Funeral Provider Pure Cremation - Beritaja

Cinven, the backstage equity firm, is plotting a takeover of 1 of Britain’s biggest ceremonial providers successful a woody which could worth it astatine much than £500m.

Beritaja has learnt that Cinven, a erstwhile proprietor of the manner marque Kurt Geiger, is among the backstage equity firms expected to array bids this week for Pure Cremation.

Bankers astatine Houlihan Lokey are moving a waste process which insiders opportunity could worth Pure astatine anyplace betwixt £500m and £700m.

Money latest: What ostentation figures mean for your finances

Epiris, which acquired the business from its founders successful 2023, is expected to take a preferred bidder earlier the extremity of the year.

Pure Cremation was founded successful 2015 by Bryan and Catherine Powell, pinch the purpose of gathering increasing request for alleged nonstop cremations, which impact a elemental work without mourners successful attendance.

The institution offers pre-paid plans, which the institution is understood to judge represents a important maturation opportunity for a early owner.

Pure Cremation is now tally by Dean Lamble, the erstwhile main executive of SunLife Insurance.

A diminution successful the number of belief funerals taking spot successful Britain each twelvemonth has fuelled maturation successful lower-cost alternatives.

Pure Cremation operates the UK's busiest crematorium, located successful Andover, Hampshire.

Cinven declined to comment.