Anacacia completes two deals in health and education

Oxford Group is being acquired through an existing Anacacia portfolio company, K-Care Heathcare Equipment - which was acquired in February as Anacacia's first investment through its recently-closed second fund, Anacacia Fund II.

Sydney-based Careers Group - which will use the investment to become the majority owner of Selmar and MCO - also received its investment via Fund II which closed earlier this year at a hard-cap of A$150 million ($134 million). According to a release, the new parent entity will look to tap into the A$8.4 billion Australian vocational education market.

"The investments follow several months of exclusive due diligence and negotiations," said Jeremy Samuel, Managing Director of Anacacia. "We're delighted with how the Fund II portfolio is developing",

Fund II was first launched in July last year with a target of A$50-100 million and reached its first close of A$80 million within three months of launching, closely followed by a second close at $125 million in November. The vehicle targets medium-sized private companies with revenue of $20-150million and earnings of $3-15million.

These two most recent transactions follow Anacacia's recent exit of two of its portfolio companies from Fund I: Rafferty's Garden to PZ Cussons and Home Appliances to McPhersons.

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• Topics
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• Anacacia Capital