Advent International has sold its stake in Mexico-based funeral services provider Grupo Gayosso to Servicios Funerarios GG for USD49m. Advent originally invested in Gayosso in October 2007.
(Global Legal Chronicle) Servicios Funerarios GG (SFGG) executed the acquisition of Advent International stake in Gayosso for $49.8 million and contestually repay an existing loan with Canada Pension Plan Investment Board (CPPIB).
Mijares, Angoitia, Cortés y Fuentes advised Advent International Corp. on the transaction with Carlos Ernesto Orcí Berea, Patricio Trad Cepeda (Picture), Juan Pablo Betancourt Echielmann, Pedro García Ampudia, Imanol Sánchez-Mújica Dunand and Patricio Rivas San Román.
Ritch, Mueller, Heather y Nicolau advised Canada Pension Plan Investment Board (CPPIB) with Jean Paul Farah Chajín and Alejandra Echeverría González.