Top Private Equity News, Member Posts, Managed Futures Daily Indices and more!

2yrs ago Private Equity privateequitywire Views: 511

Puma Private Equity exits Pure Cremation

Submitted 22/06/2021 - 9:49am

Puma Private Equity, the private equity division of Puma Investments, has exited its stake in portfolio company, Pure Cremation – a fast-growing direct cremations business.

Pure Cremation has been the driving force behind the UK-wide adoption of direct cremation, a straightforward and affordable alternative to traditional funerals, enabling loved ones to hold a more personal event to commemorate the deceased’s life at a later date. 

Puma delivered GBP7.35 million of funding in two rounds, in November 2017 and December 2018. Since then Pure Cremation has gone from strength to strength, doubling in size each year since launching in 2015 as the UK’s only dedicated direct cremation provider. 

Bryan Powell, CEO and co-founder of Pure Cremation, says: “Puma Private Equity has played a pivotal role in our ability to attract superb staff, develop robust systems and construct our state-of-the-art crematorium, Charlton Park. 

“We are incredibly grateful for their support, expertise, and their confidence in Pure Cremation at the start of our journey.” 

This investment was delivered in part from funds raised by Puma VCT 13 – the thirteenth VCT launched by Puma Investments. Puma VCT 13 has realised a 4x money multiple on its investment after just two and a half years of hold.  

Rupert West, Managing Director of Puma Private Equity, says: “We are delighted to have supported Pure Cremation through these critical years of growth. We shall miss having them in the portfolio but have managed to realise a fantastic return for our investors within a tight timeframe. Puma Private Equity is committed to helping businesses achieve their full potential – working in partnership with management to unlock growth – and Pure Cremation has been a fantastic example of this. We wish Bryan and the team the very best of luck as they continue to grow their business.” 

Like this article? Sign up to our free newsletter Tags Deals & Transactions Business & Services Exits

Today's Private Equity Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.