Street Talk
Anacacia taps into the golf craze with MGI investment
It’s golf season for private equity firms.
Street Talk understands Sydney buyout firm Anacacia Capital is seeking to buy 80 per cent of family-run golf motorised buggy retailer MGI Golf from its owner Ian Edwards. While a deal has not been finalised, the mooted price is said to be close to $100 million.
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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. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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