Investment Summary

Propel Investments Pty Exits Invocare

On June 1, 2012, invested in consumer services company Invocare from Propel Investments Pty

Investment Highlights
  • This is transaction in the Consumer Services sector.
  • This is transaction in Australia.

Investment Summary

Date 2012-06-01
Target Invocare
Sector Consumer Services
Sellers(s) Propel Investments Pty
Deal Type Stake Sale

Target

Invocare

North Sydney, Australia
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.

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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 10 of 12
Sector: Consumer Services M&A 4 of 4
Type: Stake Sale M&A Deals 1 of 1
Country: Australia M&A 7 of 9
Year: 2012 M&A 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 PAS Group

Richmond, Australia

PAS Group is a wholesaler and retailer of apparel, accessories, and equipment for women, men. PAS Group was founded in 2004 and is based in Richmond, Australia.

Sell -