M&A Deal Summary

Legend Acquires Acculec

On April 22, 2021, Legend acquired business services company Acculec from Anacacia Capital

Acquisition Highlights
  • This is Legend’s 1st transaction in the Business Services sector.
  • This is Legend’s 1st transaction in Australia.

M&A Deal Summary
Date 2021-04-22
Target Acculec
Sector Business Services
Buyer(s) Legend
Sellers(s) Anacacia Capital
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Legend

Seven Hills, Australia
Category Company
Founded 1962
Sector Distribution
DESCRIPTION

Legend is a preferred distributor to major electrical wholesalers. Legend engineers certify and supply commercial, industrial and utility electrical products, data and telecommunications solutions, defence electronics, industrial gas systems, and test and measurement products and services. Legend products range from highly engineered electrical systems through to core staple products such as lugs, cable glands and cable ties that form part of the critical electrical infrastructure in all built structures where power and data are present. Legend was founded in 1962 and is based in Seven Hills, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Anacacia Capital

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 600M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anacacia Capital Pty Ltd. 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 $20 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 8 of 8
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 6 of 6
Country (Australia) 8 of 8
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Mwave

Lidcombe, Australia

Mwave is an online tech retailer and is well-renowned amongst PC enthusiasts and the gaming community. The company has developed a strong reputation for its technical expertise, shopping convenience, and professional customer service. Mwave was formed in 2006 and is based in Lidcombe, Australia.

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