M&A Deal Summary

Grupo Catalana Occidente Acquires Memora

On July 29, 2022, Grupo Catalana Occidente acquired consumer services company Memora from Ontario Teachers Pension Plan

Acquisition Highlights
  • This is Grupo Catalana Occidente’s 1st transaction in the Consumer Services sector.
  • This is Grupo Catalana Occidente’s 1st transaction in Spain.

M&A Deal Summary

Date 2022-07-29
Target Memora
Sector Consumer Services
Buyer(s) Grupo Catalana Occidente
Sellers(s) Ontario Teachers Pension Plan
Deal Type Add-on Acquisition

Target

Memora

Barcelona, Spain
Memora provides funeral services and cemeteries management. The group manages 96 funeral parlours, 16 crematories and 25 cemeteries. Memora was founded in 2001 and is based in Barcelona, Spain.

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Buyer(S) 1

Buyer

Grupo Catalana Occidente

Madrid, Spain

Category Company
Founded 1864
Sector Insurance
Employees8,711
Revenue 2.5B EUR (2024)
DESCRIPTION

Grupo Catalana Occidente operates as an insurance company together with its subsidiaries Catalana Occidente, Seguros Bilbao, NorteHispana Seguros, Plus Ultra Seguros and Previsora Bilbaína. Grupo Catalana Occidente was founded in 1864 and is based in Madrid, Spain.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 Seguros de Vida y Pensiones Antares S.A.

Madrid, Argentina

Seguros de Vida y Pensiones Antares S.A. is a personal insurance company, operating in the life, accident and health lines for private clients and corporate groups.

Buy €161M

Seller(S) 1

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 116.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 66 of 83
Sector: Consumer Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 27 of 35
Country: Spain M&A 2 of 2
Year: 2022 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Kry

Stockholm, Sweden

Kry is a digital health app designed to improve healthcare access for patients by allowing users to consult with a qualified health professional in minutes, via their smartphone or tablet. Kry was founded in 2015 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 Chicago Skyway

Chicago, Illinois, United States

Chicago Skyway is a 12.5km toll road providing a critical link between downtown Chicago and communities in eastern Illinois and Northwest Indiana. Chicago Skyway is based in Chicago, Illinois.

Sell -