Australian funerals
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…
Read More
Bare, the Australian death care start-up that was founded in 2019 and already has a staff of 42 and has served over 15,000 Australians to date announced in June that it had raised AUS $10 million (US $6.82 million) in a round of Series A funding to advance their growth journey. This article from Smart…
Read More
InvoCare, the largest public purveyor of death care services in Australia, reported their first half year results for 2021 recently. The earnings call transcript, which you can access here, also gave some glimpses into the future of funeral service companies, at least in Australia. As you may know, Australia has had a severe lockdown during…
Read MoreSometimes the way we communicate is overlooked and can, over time, creep costs upward and move operational productivity down at the same time. Things like internet services and the providers that we use need to be reviewed every so often. InvoCare, which operates 290 funeral locations and 16 cemeteries across Australia, New Zealand, and Singapore…
Read MoreAustralia – After a series of high profile abuses of the financial services industry in Australia in the last couple of years, the Australian government commissioned High Court Justice and royal commissioner Kenneth Hayne to investigate the complete financial services industry and come up with some ideas on how to regulate such. That report has…
Read MoreAustralian funeral service market share leader, InvoCare, is moving forward with capital expenses aimed at becoming more appealing to Baby Boomers in spite of several headwinds on funeral service down under. You can read an article from Australian Financial Review on the slowing of InvoCare’s business here. In the article InvoCare CEO, Martin Earp, mentions…
Read MoreIf you have followed the death care industry in Australia you would see that large public companies InvoCare and Propel Funeral Partners are seeking to gain market share via acquisitions. This is nothing new in the funeral industry where unit “roll-ups” have been in vogue since the 1960’s. If you are a free-market person you…
Read MorePropel Funeral Partners, the funeral home, cremation, and cemetery company that serves Australia and New Zealand is seeing their stock continue to rise since their initial public offering (IPO) in November. According to an article in the Motley Fool from December 27, 2017, the stock has moved from an IPO price of AUS $2.70 to…
Read More
