LM Funerals could fetch £100m

Private Equity backed LM Funerals, one of the UK’s largest funeral operators, is being sold by London-based owners Sovereign Capital for £50-100m. LM, which was purchased by Sovereign in 2003, is said to be attracting interest from rival private equity firms LGV, ECI and LDC. LM bought five funeral directors in 2010, giving it 65 sites overall.