Ontario Teachers' takes control of French funeral business OGF
Ontario Teachers' Pension Plan has acquired a 33 percent stake in OGF, a funeral services provider in France, from Pamplona Capital Management. The deal, the terms of which were not disclosed, increased Ontario Teachers' interest to 74 percent. Pamplona acquired OGF in 2013, and in 2015 sold a 41 percent stake to Ontario Teachers'. Based in Paris, OGF has a network of 1,100 branches, 550 funeral homes, 72 crematoria and a brands portfolio. Ontario Teachers' and Pamplona said they supported "multiple" acquisitions by the company in recent years, which helped grow the portfolio and improve operations.
17 April 2017•4 mins read
