Street Talk

Anacacia’s Force Fire sale to underpin final close for Core Fund IV

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 31, 2025 – 12.55pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Anacacia Capital has agreed terms to sell its majority stake in Force Fire to ASX-listed Southern Cross Electrical Engineering for $53.5 million, a price the buyout firm says represents a 20 per cent increase on its last valuation.

Anacacia managing director boss Jeremy Samuel told Street Talk on Monday that Force Fire, a provider of fire safety solutions in NSW and Queensland, had clocked up a 26 per cent return compounded over seven years and tucked investors’ initial investment back in their pockets “some years ago.”

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.