SYDNEY, AUSTRALIA: TPG Capital Asia, a private equity firm, has agreed to buy InvoCare Limited, the largest funeral services provider in Australia, New Zealand and Singapore, for $1.8 billion in cash. The deal was announced on 9 August 2023, after months of negotiations. Under the scheme of arrangement, InvoCare shareholders will receive $12.70 per share…
InvoCare Limited (InvoCare) is an Australian public company with funeral interests in Australia, New Zealand and Singapore. InvoCare employs around 1,800 people globally and has a current turnover of approximately $400 million a year. Traded as: ASX: IVC Industry: Funeral Services Founded: 2001 Headquarters: Sydney, Australia Products: Funerals, Cemeteries, Cremations, Pre-planning Website: www.invocare.com.au
SYDNEY: InvoCare Limited has entered into two separate sales agreements to acquire the business and assets of Batemans Bay & Moruya District Funerals and Broulee Memorial Gardens located on the South Coast of NSW. The proposed acquisition is anticipated to complete by the end of November 2019. Batemans Bay & Moruya District Funerals (BBMDF) operates…