Spanish funeral services company Grupo ASV was advised by Garrigues and Deloitte Legal on its acquisition of Colombia’s Grupo Recordar.
The deal for Grupo Recordar – which also operates in the funeral services sector – was valued at €17 million, according to Mergermarket.
Grupo ASV has 1,700 employees and had a turnover of €134 million in 2016. Grupo Recordar had a turnover of €32 million in 2016 and employs 1,650 people.
Grupo ASV’s businesses include the provision of funeral insurance, which it currently supplies to more than 600,000 customers.