Charterhouse-backed Funecap picks up Facultatieve Group

• Facultatieve Group is a provider of crematoria equipment and maintenance
• Charterhouse first acquired Funecap in 2018
• Funecap has completed over 100 acquisitions since Charterhouse’s entry

Charterhouse Capital Partners’ portfolio company, Funecap Groupe, acquired Facultatieve Group, a provider of crematoria equipment and maintenance.

Headquartered in The Hague, Facultatieve offers crematoria management in Northern Europe and is the second largest provider of crematoria equipment and maintenance globally, according to Charterhouse.

Charterhouse acquired Paris-based Funecap in 2018. The acquisition of Facultatieve consolidates Funecap’s position in the Dutch crematoria management market and expands its crematoria management business in the German and Swiss markets, said Charterhouse. It also enables Funecap to expand into the UK, with the acquisition of Facultatieve’s UK subsidiary Facultatieve Technologies Limited, a provider of crematorium equipment and maintenance serving the UK, European and US markets.

Under Charterhouse’s ownership, Funecap has completed over 100 acquisitions. Funecap generates a turnover of over €550 million and manages over 100 crematoria in six different countries: France, Italy, Netherlands, Germany, Switzerland and Belgium.

London-based Charterhouse is a private equity firm that invests in European companies in services, healthcare, specialised industrials and consumer. It targets transactions with an enterprise value of between €200 million and €1.5 billion.