Dignity sale for Montagu

Dignity Caring Funeral Services, the UK funeral services provider bought by HSBC Private Equity (now Montagu Private Equity) in February 2002, is to float on the London Stock Exchange on April 1. Book building is currently underway so a listing share price has not yet been set.

Montagu Private Equity bought Dignity from Service Corporation International (SCI) of the US for £220m. SCI formed Dignity in 1994 following its acquisition of Great Southern Group and Plantsbrook and the subsequent acquisition of over 100 funeral homes.