Anacacia exits Rafferty's to PZ Cussons for 10x return - Update
Anacacia Capital has sold baby-food producer Rafferty’s Garden to London-listed PZ Cussons for GBP42.2 million ($64 million). The Australia GP is understood to have generated a 10x return on an investment made three years ago.
The exit comes after a proposed sale to H.J. Heinz was blocked by the Australian authorities on anti-monopoly grounds. "Rafferty's is a classic Anacacia style investment. We originated it with a cold...
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