Mémora Inversiones Funerarias

Region: Spain
Sector: Business Services

Nature of Business

Founded in 2001 and headquartered in Barcelona, Memora is the leading Iberian funeral services company, with an unrivalled position in Spain. In Portugal, Memora’s operations are ten times larger than those of its nearest competitor.

Each year over 40,000 families trust Memora to deliver on its service proposition.

Investment Overview

3i invested in Memora in 2008, backing the clear leader in a market with solid fundamentals to support the company’s  consolidation and growth ambitions across Spain and Portugal.

3i is a committed partner to Memora, providing not only financial strength, but also extensive experience of managing growth programmes and performance improvement initiatives, alongside the company’s management.

Since our investment, 3i has introduced Ramon Lafuente as Executive Chairman. In addition, 3i has supported the implementation of a comprehensive Corporate Governance programme, which instills rigour in ethical decision making.

Memora’s management team is best-in-class in the funeral sector. In 2013, Juan Jesus Domingo (ex-CEO Pronovias) joined the company as CEO, bringing a strong commercial vision.

Since 3i’s investment, Memora has been transformed through both acquisitions and organic growth. In 2011, Memora increased its shareholding in Serveis Funeraris de Barcelona to 85%, in an all debt deal worth €180m, thereby consolidating its leadership position in the Barcelona region.

In addition, since our investment, 13 add-on acquisitions have been completed throughout Spain and Portugal, reinforcing the company’s position as a consolidator and a successful integrator.

Regulatory notice: This transaction involved a recommendation of 3i Investments plc, advised by 3i Spain.

3i office contact

Calle Ruiz de Alarcón n 12 - 2º - B
28014 Madrid
Tel: +34 915 214 4 19
Fax:  +34 915 219 8 19

Map & Directions (PDF)

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