Street Talk

Anacacia Capital goes shopping with homewares wholesaler Florabelle

Street Talk understands the $800 million private equity firm has invested in 42-year-old operation Florabelle alongside its founders.

Sarah Thompson, Kanika Sood and Emma Rapaport

Nov 14, 2024 – 6.15pm

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Mid-market buyout firm Anacacia is kicking back in an armchair and putting up its feet, after signing off on its second investment from Fund IV.

Street Talk understands the $800 million private equity firm has bought a majority stake in 42-year-old homewares wholesaler Florabelle in a deal led by investment director Martin Kaplan, investing alongside founders Glenn and Nicola Sepel and Peter Mallach.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.