Anacacia Capital to launch $240m third Australia-focused fund by March-end

Sydney Opera House in Sydney, Australia

Sydney-based Anacacia Capital is targeting to raise $240 million for its third Australia-focused fund, a vehicle pegged significantly larger than the firm’s predecessor that was worth $120.8 million.

According to a report from PEI on Wednesday, the fund is set to be launched by the end of the first quarter this year. The same report has been published on Anacacia’s official website on Thursday.

The firm, which focuses on private equity and small cap, has so far exceeded $280 million in commitments in about 60 small and medium investments. With the third fund, it is set to invest in up to 12 companies that may be facing succession issues or need acquisition-led capital, according to the report.

Meanwhile, the timing for the launch of the follow-up fund seems appropriate with the second fund, that came into 2013, being over 70 per cent deployed.

Anacacia Capital earlier this month acquired a majority stake in Sydney-based fire sprinkler and alarm firm Force Fire in a bid to expand the market share for the company in the Australian fire and security alarm installation services market which is worth $3 billion annually.

Among its other former investments include listed global language technology company Appen, timber firm Big River Industries, Acculec distributes and markets electrical products through Bri-Tech and ECO. Others include heights safety business RISsafety and Yumi’s which is a chilled dips and snacks company.

Also Read:

PE firm Permira agrees to acquire EQT-backed diagnostic service I-MED for $1b

Australian PE firm Anacacia Capital acquires majority stake in Sydney-based Force Fire 

Australia: Pacific Star Network to merge with sports content firm Crocmedia

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.