March 2010: Mémora, the largest funeral services provider in Spain and Portugal, acquires Servicios Funerarios de Majadahonda in Madrid and La Funeraria Santiago el Calero in the Canary Islands.
Servicios Funerarios de Majadahonda strengthens Mémora’s presence in Madrid, where it already operates in Coslada, El Corredor del Henares, San Sebastián de los Reyes and the Northwest part of Madrid, from Majadahonda to Villalba. La Funeraria Santiago el Calero operates in Arrecife (Lanzarote) and in Las Palmas de Gran Canaria.
Mémora was acquired by English private equity fund 3i in November 2008, the largest LBO of 2008 in Spain. These two acquisitions contribute to Mémora’s plan of driving the consolidation and profesionalisation of the funeral services sector.
SOCIOS is the advisor of Mémora in its acquisition program.