TPG to acquire InvoCare for AUD2.2bn.

TPG, a private equity company, agreed to acquire InvoCare, a funeral homes and funeral services company, for AUD2.2bn. InvoCare's board unanimously recommended its shareholders to vote in favour of the revised proposal. A TPG spokesperson said the revised price fairly values the business, taking into consideration factors including its subdued performance in the first half of this year and the implications of the current trading conditions on the remainder of the year.