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Anacacia Capital disposes RISsafety shares
Thomson Geer has advised Anacacia Capital on the disposal of its shares in RISsafety.
Emma Musgrave
Firm: Thomson Geer (Anacacia Capital); Undisclosed (Bricktop Funds Management Pty Ltd)
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Deal: Anacacia Capital's Anacacia Partnership 1 LP Fund has disposed of its equity stake in RISsafety Enterprises Pty Ltd to Bricktop Funds Management Pty Ltd.
Value: Confidential
Area: M&A
Key players: Thomson Geer partner Dan Kramer and special counsel Lucinda Girdlestone.
Deal significance: Anacacia Capital manages approximately $600 million in funds, investing in private and listed leading small-medium enterprises. Its target companies typically have minimum $3 million annual earnings and $20 million revenues.
According to a statement from Thomson Geer, RISsafety was the last remaining investment in Anacacia Capital’s award winning Anacacia Partnership 1 LP Fund, with Anacacia having been the majority shareholder of RISsafety for more than seven years.
“During that time RISsafety grew to be one of Australia’s largest height safety and access companies, recently expanding into New Zealand,” the statement said.
“The disposal to Bricktop Funds Management has not affected the management of RISsafety, with its CEO and Chairman continuing to lead the business, meaning there has been no day-to-day change for staff, customers and suppliers.”
