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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

Dignity funeral services firm targeted in first UK takeover bid of the year

Funeral director
Dignity operates more than 700 funeral branches across the UK and last year blamed soaring costs for a plunge in profits. Photograph: James Davies/Alamy

A consortium spearheaded by Direct Line founder Sir Peter Wood has swooped for the funeral services company Dignity in the first UK takeover attempt of the year.

A subsidiary of Valderrama – a joint venture between Wood’s investment firm SPWOne and investment house Castelnau Group – has made a possible offer for the London-listed company, whose board recommended the deal to shareholders.

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