Dignity PLC
This article from the Australian Financial Review states that, even as the due diligence period is being extended for giant private equity firm TPG Global in their pursuit of Australia’s largest Death Care company, InvoCare, it is purported that TPG’s offer is more than 14 times the forward forecast EBITDA for InvoCare.…
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According to Wikipedia, which may or may not be accurate at this date, Co-op Funeralcare in Great Britain operates over 1,000 funeral homes in Great Britain and Dignity plc operates about 795 facilities across the same landscape. If you assume that those numbers are somewhat accurate you would then surmise that Dignity plc…
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This article from Business News Australia, that came out on Monday, March 27, indicates that Australia’s largest provider of death care services, InvoCare has rejected a non-solicited offer of $Aus 1.8 billion (United States $1.2 billion) from American private equity player TPG Global made earlier this month. According to the article, TPG…
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According to this article from Yahoo, Great Britain’s largest public death care company, Dignity plc, has accepted a buyout offer from a consortium that includes its largest shareholder group and one of the country’s wealthiest and well-known entrepreneurs. The shareholder group is Phoenix Asset Management Partners (PAMP) which, in another interesting twist, is managed…
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Reuters reported last week that Dignity plc, Great Britain’s largest provider of death care services “(was) in advanced talks with a consortium compris(ed) of investment firms SPWOne V Ltd. and Castelnau Group Ltd. after it received unsolicited buyout proposals from the consortium in October and November last year.” The talks centered on the…
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2022 marked a point in the history of Great Britain’s largest death care provider, Dignity plc, where they planned to increase consumer market share for their services by lowering their prices. What they maybe didn’t anticipate was the highest inflationary pressures in the last 40 years on the costs of their services to happen at…
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There is no doubt that the establishment of the company Pure Cremation (company website here) and its business of what they call “no-fuss” direct cremation is making an impact on the death care business in Great Britain. Launched in 2015 as a low-cost provider of cremation services, the company is changing how some death care…
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There was much ado last year about Great Britain’s largest provider of funerals and cremations, Dignity plc, and their upcoming change in strategy. While not apprised of the entire situation, I do know that the company was coming under scrutiny from the Competition and Markets Authority (CMA) as well as the Financial Conduct Authority (FCA),…
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Dignity plc, Great Britain’s largest funeral home and crematory operator announced last week in this report that you can see from Morningstar, that their 1st Quarter 2022 revenues and operating profits fell considerably over the same period of 2021. However, it also appears that Dignity plc was able to increase their market share for services…
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Dignity plc, Great Britain’s leading death care provider reported their results for the 2021 calendar year last week and in doing so reported a Profit before taxes of US $42.4 million as compared to a 2020 calendar year pre-tax loss of over US $25 million. This positive swing was accomplished despite Revenue dropping about 1%…
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