Cinven, the non-public fairness agency, is plotting a takeover of certainly one of Britain’s largest funeral suppliers in a deal which might worth it at greater than £500m.
Bankers at Houlihan Lokey are working a sale course of which insiders say might worth Pure Cremation at anyplace between £500m and £700m.
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Epiris, which acquired the enterprise from its founders in 2023, is anticipated to decide on a most well-liked bidder earlier than the tip of the 12 months.
Pure Cremation was based in 2015 by Bryan and Catherine Powell, with the goal of assembly rising demand for so-called direct cremations, which contain a easy service with out mourners in attendance.
The corporate gives pre-paid plans, which the corporate is known to imagine represents a major development alternative for a future proprietor.
Pure Cremation is now run by Dean Lamble, the previous chief government of SunLife Insurance coverage.
A decline within the variety of spiritual funerals going down in Britain every year has fuelled development in lower-cost options.
Pure Cremation operates the UK’s busiest crematorium, situated in Andover, Hampshire.
Cinven declined to remark.
