Anacacia Capital, the homegrown private equity firm behind Yumi’s Quality Foods and Rafferty’s Garden, is entering the dairy business, taking a majority stake in a Melbourne-based supplier of milk, cream, and yoghurt.
Anacacia will invest in Procal Dairies alongside 100 per cent owners, the Thyssen family, and existing management, in a transaction led by investment director Ranitha Mapatuna.
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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
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
