Ontario Teachers to buy stake in French funeral services business OGF
The Ontario Teachers' Pension Plan has agreed to acquire a 30 percent interest in OGF, a funeral services provider in France, from Pamplona Capital Management. No financial terms were disclosed. Ontario Teachers said it plans to increase the size of its stake in OGF to 40 percent over time. The initial deal is expect to close this month. Founded 170 years ago, OGF operates a network of 1,000 branches, 468 funeral homes, 53 crematoria, and a brands portfolio from its headquarters in Paris. Pamplona, an alternative investments firm based in London, will remain the majority investor in the business.
17 September 2015•4 mins read
