Street Talk

Grave affair: Propel Funeral Partners bankers up, eyes on IFM

Sarah Thompson, Kanika Sood and Emma Rapaport

Oct 22, 2023 – 4.26pm

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As InvoCare’s shareholders prepare to vote at the scheme meeting that would formalise its $2.2 billion take-private by TPG Capital on October 31, it is the No.2 death care services player’s turn for an open casket.

Propel is the second-biggest player in Australia’s highly fragmented death care industry. Michele Mossop

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.