Common Ground Corporate Finance is happy to announce that its clients Vectis Participaties and GIMV have successfully sold their shares in Funico International to Down 2 Earth Capital together with Bart Decuypere (CEO) and other members of the management of Funico International.
Funico is the Belgian market leader in the production and sale of coffins to the funeral services market with headquarters and production facilities in Drongen and two distribution points in France. Currently the Group sells about 90.000 coffins per year.
The new shareholders will further support Funico’s expansion, not only in France, but also in the Netherlands and other European countries.
Common Ground Corporate Finance acted as the exclusive corporate finance advisor to Vectis Participaties and GIMV.