Anacacia reap returns on Home Appliances
Family-owned businesses that have been built from the ground up often lack depth at management level. Founders who have proved themselves in the start-up phase might struggle once a company reaches a certain scale: they are wearing three hats - manager, director and shareholder - and have neither the time nor perhaps the skill sets to operate effectively.
When Australian lower mid-market private equity firm Anacacia Capital first encountered cooking products supplier Euromaid, the pressure seemed to be about to tell. While the father of the founding Varvaressos...
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