M&A Deal Summary

Anacacia Capital Acquires MGI

On July 2, 2024, private equity firm Anacacia Capital acquired consumer products company MGI

Acquisition Highlights
  • This is Anacacia Capital’s 3rd transaction in the Consumer Products sector.
  • This is Anacacia Capital’s 19th transaction in Australia.

M&A Deal Summary

Date 2024-07-02
Target MGI
Sector Consumer Products
Buyer(s) Anacacia Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

MGI

Australia
MGI is a global golf equipment company specialising in electric golf buggies. MGI was founded in 1993 and is based in Victoria, Australia.

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Buyer(S) 1

Buyer

Anacacia Capital

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 800M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anacacia Capital is a private equity firm that specializes in small to mid-sized buyouts in Australia and New Zealand. The Firm looks to finance acquisitions as well as invest in businesses facing succession issues. Anacacia generally targets businesses with $25 to 200 million in revenues and at least $5 million in cash-flow. Anacacia Capital was formed in 2007 and is based in Sydney.


DEAL STATS #
Overall 19 of 20
Sector: Consumer Products M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 9
Country: Australia M&A 19 of 20
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Acculec

Northgate, Australia

Acculec is an electrical supplier specializing in the procurement and distribution of quality branded products, consumables, components, and services. With a full suite of value-added services for an extensive customer base including the mining, resources, construction, infrastructure, electrical power utilities, and manufacturing sectors. Acculec was formed in 2015 and is based in Northgate, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 Florabelle

Alexandria, Australia

Florabelle supplies artificial flowers, designer lighting, furniture, and home textiles to retail homeware stores, gift shops, and interior designers across Australia. Florabelle was founded in 1982 and is based in Alexandria, Australia.

Buy -