Epiris is selling a minority stake in UK funeral services provider Pure Cremation to Centerbridge Partners. The private equity firms did not disclose the financial terms of the transaction, which marks a secondary market deal in the funeral sector.

This move allows Epiris to realize partial returns on its investment in Pure Cremation, a company focused on direct cremation services. Centerbridge gains exposure to a resilient, non-discretionary industry with steady demand, a segment that has attracted significant private capital in recent years.

The deal underscores the continued appetite for essential services businesses. Investors will watch for Pure Cremation’s growth trajectory under Centerbridge’s ownership and whether this transaction signals further consolidation in the UK funeral market, which remains fragmented.