InvoCare’s scrambling to shore up its defence following a surprise raid by TPG Capital on Monday night.
The group’s hauled in Gresham Advisory Partners - last seen defending Crown Resorts and Newcrest Mining - and law firm Clayton Utz for advice on how to deal with its suitor and new biggest shareholder.
Or it can use the lure of due diligence to talk TPG Capital up, and try to secure a better bid for investors.InvoCare investors at its FY22 results last weekInvoCare chairman Bart Vogel, pictured when he was a MD at consulting firm AT Kearney nearly 20 years ago.InvoCare chairman Bart Vogel, a former consultant and telco sector executive, knows the game. He just went through a round of PE takeover talks at car parts catalogue software company Infomedia, where is he also chairman.
It’s TPG’s fourth run at a publicly listed company since Joel Thickins took the reins to its Australian team in 2016.
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