Anacacia set for 5x return on Home Appliances investment
Anacacia Capital has agreed to sell its controlling stake in Australian cooking products supplier Home Appliances to McPherson’s for A$22 million. The private equity firm is expected to secure a 5x money multiple and an IRR of more than 90% once the deal closes by the end of March.
According to a regulatory filing by McPherson's, the transaction price represents 4.9x Home Appliances' 2012 EBITDA. Anacacia owns about 82% of Home Appliances and the deal has been structured so that...
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