The Company and Our Investment
In September 2009, Octopus exited its first mezzanine investment, a £2.75m investment into Funeral Services Partnership (FSP), generating a 1.4x return and a 20% IRR on its investment.
Octopus originally invested as part of a £3.75m funding round into FSP in November 2007. The company is establishing a major independent funeral services group made up of funeral homes and their associated services.
The business was founded in April 2007 by Phillip Greenfield, a former founder and director of the Fairways funeral business.
"We know from experience that when growing a business there can be conflicts and differing agendas between management teams and institutional investors. We found the approach of Stuart and Octopus very refreshing with a real focus on what is right for the business and providing assistance and support to us throughout. This created a strong and trusting relationship that really helped us all to make great progress. We very much look forward to working with them again."
Phillip Greenfield and Guy Turner, Funeral Services Partnership Limited
