Propel Investments will exit New Zealand funeral homes
Australasian mid-market private equity firm Propel Investments announced that it had entered into a conditional agreement to sell its 77% stake in New Zealand portfolio company Bledisloe Group Holdings Pty Ltd, to Sydney-based funeral operator InvoCare Ltd.
Bledisloe is the biggest funeral service operator in New Zealand, with strong presence in northern Queensland. InvoCare will pay A$114million ($111 million) for a 100% stake in the target company, according...
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