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Senior management of natural baby food company Rafferty’s Garden and private equity firm Anacacia Capital and Saleslink Australasia are investing in Rafferty’s Garden in a management buyout.
A year after a sizeable external investment, a kitchen appliance business has made its first acquisition.
Private equity firm Anacacia Capital invested an undisclosed sum last July in a new company, Home Appliances, with ownership split between Anacacia, the Varvaressos family and managing director Owen Morgan. Private equity firm Anacacia Capital has invested an undisclosed sum in Home Appliances to help the family-owned business expand and plan for its management succession.
How do business owners find the right private equity partner?
Different private equity firms focus on different sorts of businesses although there are some common themes. While Australians often use the terms venture capital and private equity interchangeably, venture investors will usually look more at early stage businesses whereas private equity investors will usually look at more mature, established, businesses. Private equity can help management teams to acquire businesses from founders through management buyouts (MBOs). The new capital structure can then help those businesses to grow organically or by acquisition. Examples include ACL (Australian Centre for Languages), Netti and Godfreys. Lomb Scientific, a supplier of laboratory consumables, chemicals and instrumentation to the scientific community, has announced an investment by Anacacia Capital through its private equity fund specialising in SMEs.
Norwest Productions Pty Limited, one of Australia's largest professional audio service providers, has announced a major investment by Anacacia Capital, through its boutique private equity fund specialising in SMEs.
Jeremy Samuel, formerly director of private equity at ANZ Capital, has formed a new private equity firm that will target the small to medium enterprise (SME) market.
A former banker at Australia and New Zealand Banking Group Ltd said on Friday he has jumped ship to set up a new private equity fund trawling the smaller end of the market for deals.
Clients are increasingly wanting to know how they can tap into private equity as part of a diversified portfolio. JEREMY SAMUEL explores why private equity is on the rise, what sort of clients it suits and how planners should think about the Australian market.
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