Australian PE firm Anacacia backs project management firm Root Partnerships

Sydney-based private equity firm Anacacia Capital has invested an undisclosed sum in infrastructure advisory and project management firm Root Partnerships, the latter said in an announcement.

The investment will help expand the company’s independent advisory and project management services offering in the region, said its founder Peter Root, who will continue to serve as its managing director.

Founded in 1994, Root Partnerships advises government and private clients on infrastructure projects across a diverse range of sectors including aviation, healthcare, schools, tertiary education, housing, justice and civic and cultural infrastructure. Its offerings range from feasibility studies and business cases to delivering major capital works projects.

“We are very optimistic about the increasingly significant role played by infrastructure investment in the prosperity of Australia,” Root said. “Our strategic collaboration with Anacacia will drive outstanding new opportunities for the firm and our people, and allows us to continue to deliver the best possible service to current and future clients.”

Anacacia Capital is taking a big bet on Australia’s large infrastructure pipeline. A whopping amount of A$288 billion has been earmarked for infrastructure investments over the next decade. However, the industry is also facing great challenges in terms of an acute skills shortage and escalating materials costs, according to an August report by law firm Allens.

Anacacia Capital focuses on small and medium businesses with a market capitalisation of less than $500 million. Last year, the firm closed its third fund at A$300 million to primarily invest in the consumer, services and industrials sectors.

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.