Invocare
Morgan Stanley equity analyst Simeon Gutman recently made this comment in this white paper from Morgan Stanley, “Americans are increasingly attached to their pets, which is clearly shown in survey results, and thus pet spending is a priority. Consumers are less willing to cut pet spending even when real personal disposable income declines.” …
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InvoCare, Australia’s largest Death Care provider, announced its First Half results for 2023 last week. That was a little over two weeks after they agreed to be purchased by private equity firm TPG Global for a price announced at about US$ 1.18 billion. InvoCare, which also has operations in New Zealand and…
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According to a press release dated August 9, 2023, (today) issued by InvoCare Limited of Australia, the company has agreed to be acquired by TPG Capital, a global private equity firm headquartered in San Francisco, California. TPG Capital had launched a buyout offer for the company in March. You should be able…
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As to the possible takeover of Australia’s largest death care provider, InvoCare, by United States private equity company TPG Global, The Australian Financial Review reported this on Thursday, July 20, 2023: “After a bit of back and forth, InvoCare and TPG signed an agreement on May 15 at a $13 per…
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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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It was announced last week by InvoCare, Australia’s largest death care provider, that San Francisco based private equity firm TPG Capital had sweetened their offer to acquire the company. As you may recall, TPG Capital made an unsolicited offer on March 7 to the InvoCare board to acquire the company for a total…
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It’s been an interesting month to be watching what is happening in the South Pacific if you are a investor in the death care business. TPG Capital, a large United States private equity company, made an unsolicited offer for InvoCare, the largest death care provider in Australia and New Zealand about one month…
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It’s been a couple of weeks since the largest death care and pet death care concern in Australia, InvoCare, rejected an unsolicted offer from the United States giant private equity firm TPG Global Capital to acquire its business. However, not all has been silent. . . . In this post we include…
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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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As of Friday, March 17 we scoured our sources for any news on if the takeover of leading Australian death care provider InvoCare by United States based private equity firm TPG Capital was moving forward. It’s hard to say what is happening as it appears to look more and more like a “hostile”…
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