M&A Deal Summary

Invocare Acquires Bledisloe Holdings Pty

On June 15, 2011, Invocare acquired consumer services company Bledisloe Holdings Pty from Propel Investments Pty for 114M USD

Acquisition Highlights
  • This is Invocare’s 1st transaction in the Consumer Services sector.
  • This is Invocare’s largest (disclosed) transaction.
  • This is Invocare’s 1st transaction in Australia.

M&A Deal Summary
Date 2011-06-15
Target Bledisloe Holdings Pty
Sector Consumer Services
Buyer(s) Invocare
Sellers(s) Propel Investments Pty
Deal Type Add-on Acquisition
Deal Value 114M USD

Target

Bledisloe Holdings Pty

Brisbane, Australia
Bledisloe was one of the provider of funeral services in Australia and also operated private cemeteries and crematoria in Queensland.

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Buyer(S) 1

Buyer

Invocare

North Sydney, Australia
Category Company
Founded 2001
Sector Consumer Services
Employees2,000
Revenue 589M AUD (2022)
DESCRIPTION

InvoCare engages in the ownership and operation of funeral homes, cemeteries, and crematoria primarily in Australia. InvoCare was founded in 2001 and is based in North Sydney, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Propel Investments Pty

Pyrmont, Australia
Category Private Equity Firm
Founded 2007
PE ASSETS 447M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Propel investments is middle-market private equity firm focused on buyout, buy-in, and expansion investments in Australia and New Zealand. Propel looks to invest AU$20 to $80 million in established businesses valued between AU$50 to AU$250 million. Target industries include business services, financial services, retail/wholesale, bulk storage facilities, consumer products, and healthcare. Propel Investments was formed in 2007 and is based in Sydney.

DEAL STATS #
Overall 8 of 12
Sector (Consumer Services) 3 of 4
Type (Add-on Acquisition) 5 of 6
Country (Australia) 6 of 9
Year (2011) 2 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-19 Landis+Gyr AG

Zug, Switzerland

Landis & Gyr (Europe) AG develops and manufactures payphones and remote transaction systems for payphone operators, site providers, and equipment integrators.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 Marstel Terminals

Auckland City, New Zealand

Marstel Terminals Ltd is a marstel specialty services include the storage of bulk and packaged hazardous and non-hazardous products, packaging, contract blending and manufacturing. The product range includes chemicals, fuels, lubes and edible oils.

Sell -
Mergr

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