Latour Capital, Charterhouse Capital raise investment in Funecap Groupe

• Charterhouse acquired Funecap in 2018, while Latour invested in the company in 2021
• Latour Capital, based in Paris, France, is an independent private equity firm
• Charterhouse is a private equity firm operating in Europe

Latour Capital and Charterhouse Capital Partners have increased their investment in Funecap Groupe via their respective latest funds, and generated partial liquidity for Charterhouse’s existing investors.

Latour and Charterhouse also received additional investment from LP co-investors into the new deal, according to a new release.

Funecap is a funeral services and crematoria provider in Europe. The company is headquartered in Paris, France.

Funecap has completed more than 185 acquisitions since formation, including Altair Funeral and Facultatieve Group in 2022. The company generates a turnover of over €580 million.

Charterhouse acquired Funecap in 2018 alongside its two founders, while Latour invested in the company in 2021.

“Over the last five years Funecap has been on a transformational growth journey, during which time we have worked closely with Latour and the Group’s management team to deliver their ambitious expansion plans,” said Stephan Morgan, partner at Charterhouse.

Both the firms have focused on developing Funecap’s buy-and-build strategy and organic growth plan, and strengthening its market position, the release added.

Latour Capital, based in Paris, France, is an independent private equity firm. The firm has over €2.6 billion assets under management.

Charterhouse is a private equity firm operating in Europe. The firm, based in London, targets transactions with an enterprise value of between €200 million and €1.5 billion.