TPG targets $1.2b Australia funeral services take-private
TPG Capital has submitted a buyout offer for Invocare, a listed Australian provider of funeral services and operator of memorial parks and crematoria, that values the company at approximately AUD 1.8bn (USD 1.2bn).
The private equity firm is willing to pay AUD 12.65 per share in cash for all outstanding shares, according to a filing. Acting through its eighth pan-Asian fund, which reached a first close of USD 3.4bn...
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