Private Equity Firm Anacacia Capital Makes Controlling Investment in MGI Golf

Anacacia Capital Makes Controlling Investment in MGI Golf

Anacacia Capital of Sydney has made its inaugural investment from its fourth fund into MGI Golf Buggy Maker – estimated to have an approximate value of $100 Million with annual revenues estimated at $50 Million per annum.

Athletic Ventures, an investment firm led by Karrie Webb and Olympic basketballer Matthew Dellavedova as well as cricketer Mitchell Starc are among the co-investors. Athletic Ventures will join Athletic Management Team members Carrie Edwards-Britt and Miranda Turner who remain significant shareholders, with Turner continuing as joint chief executive. Furthermore, founder Ian Edwards will remain as non-executive director to represent the company on its board.

Anacacia Capital was established in 2007 to specialize in Australian lower mid-market businesses with revenues between $20 million and $500 million and their owners seeking staged retirement. Their funds typically invest in established, profitable companies with proven track records and sustainable business models, like established profits such as established businesses with solid track records or stable business models such as established profitable ones with proven track records or an established business model that offer strategic guidance or peer-to-peer learning sessions or CEO fireside chats to their portfolio companies. According to Samuel, Anacacia aims at developing relationships early with portfolio companies early in order to offer supportive partnerships, helping their portfolio companies with growth through strategic guidance, peer-to-peer learning sessions or CEO fireside chats while staying out of private debt markets entirely in Australia for now! It currently does not intend entering Australia’s lower mid market for now!