M&A Deal Summary

PZ Cussons Acquires Rafferty s Garden Pty

On July 5, 2013, PZ Cussons acquired food company Rafferty s Garden Pty from Anacacia Capital for 70M AUD

Acquisition Highlights
  • This is PZ Cussons’ 1st transaction in the Food sector.
  • This is PZ Cussons’ 3rd largest (disclosed) transaction.
  • This is PZ Cussons’ 1st transaction in Australia.

M&A Deal Summary
Date 2013-07-05
Target Rafferty s Garden Pty
Sector Food
Buyer(s) PZ Cussons
Sellers(s) Anacacia Capital
Deal Type Add-on Acquisition
Deal Value 70M AUD

Target

Rafferty s Garden Pty

Mulgrave, Australia
website
Rafferty's Garden Pty Ltd. is a supplier of baby and children's food. Rafferty’s Garden grew through product innovation in a market where parents craved nutritious, well packaged food. Rafferty’s Garden was a pioneer of convenient pouch packaging and healthy food and improved nutrition through the use of premium natural ingredients and specialized production techniques avoiding many of the additives of other brands.

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Buyer(S) 1

Buyer

PZ Cussons

Manchester, United Kingdom

website

Category Company
Founded 1884
Sector Consumer Products
Employees3,781
Revenue 593M GBP (2022)
DESCRIPTION

PZ Cussons is an international marketing and manufacturing company specializing in personal cleansing and other categories. PZ Cussons was founded in 1884 and is based in Manchester, the United Kingdom.

DEAL STATS #
Overall 4 of 4
Sector (Food) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (Australia) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-24 St. Tropez

Santa Clarita, United Kingdom

St Tropez is the UK’s No. 1 self tanning brand.

Buy -

Seller(S) 1

SELLER

Anacacia Capital

Sydney, Australia

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
PE ASSETS 600M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anacacia Capital Pty Ltd. is a private equity firm that specializes in small to mid-sized buyouts in Australia and New Zealand. The Firm looks to finance acquisitions as well as invest in businesses facing succession issues. Anacacia generally targets businesses with $20 to 200 million in revenues and at least $5 million in cash-flow. Anacacia Capital was formed in 2007 and is based in Sydney.

DEAL STATS #
Overall 3 of 8
Sector (Food) 1 of 2
Type (Add-on Acquisition) 3 of 6
Country (Australia) 3 of 8
Year (2013) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-11 Home Appliances Pty

Artarmon, Australia

Home Appliances Pty Ltd. is a supplier of affordable high-quality appliances. Major brands include the Euromaid, IAG, ARC, Fagor, and Elica cooking appliances range supplied to leading retailers in Australia and New Zealand.

Sell AU$22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-03 Yumi s Quality Foods Pty

Hallam, Australia

Yumi's Quality Foods Pty Ltd. produces mayonnaise, horseradishes spreads, aiolis, and smoked fish products. Yumi’s has grown by offering non-dairy and gluten-free dips, snacks, bites and smoked fish in a growing market for everyday consumption and entertaining. ​

Buy -
Mergr

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