The previous proprietor of Wagamama eating places is in detailed talks to purchase Britain’s third-biggest funeral providers supplier in a deal value near £200m.
Sky Information has learnt that Duke Road is in unique negotiations to accumulate Funeral Companions from fellow personal fairness agency Montagu Non-public Fairness.
Sources mentioned the talks have been ongoing and will result in an settlement being formally reached within the coming months.
Funeral Companions, which was based in 2007 by Philip Greenfield, oversees greater than 20,000 funeral providers yearly.
It now trades from greater than 280 branches throughout the UK, competing with the likes of the Co-op’s Funeralcare arm.
If accomplished, it might signify a return to the trade for Duke Road, which beforehand owned Laurel Funerals.
It offered that enterprise to Dignity and Funeral Companions, which means it might successfully be reacquiring quite a lot of property it used to personal.
Information of the talks comes days after it emerged that Pure Cremation had kicked off talks with potential consumers a couple of deal which could possibly be valued within the area of £700m.
HSBC is advising on the sale of Funeral Companions.
Duke Road and Montagu each declined to remark.
