With the beginning of the new year, we are pleased to inform about another successfully closed transaction with our support – our due diligence specialists, financial advisors and M&A lawyers advised to the Spanish Global Funeral Services in the process of joining the Polish public company Grupa Klepsydra SA, listed on the NewConnect.

Within the transaction, we provided support in the field of comprehensive due diligence process (in the scope of the legal, tax and financial matters) regarding the entire Polish capital group that our Client has joined, as well as in the field of the legal transaction advisory, including drafting and negotiating complete transactional documentation.

Subject of the transaction Acquisition of almost 14% of the newly issued shares in the share capital of GRUPA KLEPSYDRA S.A. by GLOBAL FUNERAL SERVICES S.L.
Company issuing shares GRUPA KLEPSYDRA S.A.
Investor GLOBAL FUNERAL SERVICES S.L.
Market Funeral services
Transaction value PLN 23,283,210.28
Grant Thornton’s role Legal advisory on the transaction and support in financial, tax and legal due diligence process provided to the Investor
Benefits from the transaction for the Investor Expanding the business to new territorial markets and participation in an unique market consolidation

GRUPA KLEPSYDRA S.A. has been providing comprehensive funeral services in Poland for over 60 years. Leader of the Polish market and the only company from this segment listed on the NewConnect. The conclusion of the agreement by the Grupa Klepsydra marks the completion of the fund acquisition process, earmarked for the implementation of the company’s strategic objective, namely the consolidation of the Polish funeral market through subsequent acquisitions.

GLOBAL FUNERAL SERVICES was founded in 2017 by two Spanish leaders (GRUP VFV SL and Cabré Junqueras SA) on the funeral market, that have been in business for 300 and 120 years, respectively. Our Client manages the largest network of funeral homes, crematoria and cemeteries in Catalonia and the Balearic Islands.

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