As reported in the AFR, Arnold Bloch Leibler has advised private equity firm Anacacia Capital on the acquisition of a majority stake in Procal Dairies, a prominent family-owned dairy manufacturing and distribution business.
The deal marks the second successful collaboration between ABL and Anacacia under Anacacia’s Fund IV, following Anacacia’s investment in MGI Golf last year. The transaction will see the private equity firm investing alongside the founding Thyssen family and existing management, ready to support Procal Dairies’ next phase of growth.
Commercial partner Jeremy Leibler and Senior Associate Ari Bendet led the transaction, and were supported by a cross-disciplinary team:
- Commercial: Ben Kingston (Law Graduate)
- Banking & Finance: Nathan Briner (Partner), Liam Johnson (Lawyer), and Geoffrey Chen (Lawyer)
- Workplace: Rachel Soh (Partner) and Jasmine Romanin (Senior Associate)
- Property: Matthew Davies (Partner), Ben Chahoud (Senior Associate), and Nicole Mossman-Young (Lawyer).
- Regulatory: Matthew Lees (Partner) and Aaron Bronitt (Lawyer)
Jeremy Leibler commented on the transaction: “We’re delighted to have advised Anacacia Capital on this significant private equity transaction, a valuable addition to their Fund IV. This deal further solidifies our strong track record in working on PE deals involving founder-led businesses, and we look forward to watching Procal continue to flourish over the coming years.”
Ari Bendet added: “It has been great to once again work with the Anacacia team in successfully partnering with a founder-led business. This deal is a testament to Anacacia’s ability to cut through challenging and uncertain private equity market conditions to continue to invest in high quality businesses like Procal.”
