Thomson Geer has advised Private equity firm, Anacacia Capital, on the sale of Yumi’s Quality Foods to George Weston Foods. Partner, Dan Kramer led the Thomson Geer team advising Anacacia, and he was assisted by Special Counsel, Lucinda Girdlestone.
Yumi’s was founded by two brothers in the 1990s and makes non-dairy and gluten free dips, snacks and smoked fish.
Anacacia invested in Yumi’s in 2014, and working with its founders and management, quadrupled the size of the business to make it a leading brand in chilled foods, available now in all retailers nationally and with a growing presence in Asia.
This growth made it big enough to attract a heavyweight buyer the calibre of George Weston, which is one of the country’s biggest consumer goods companies with about 6000 staff across more than 50 sites.
Anacacia’s Managing Director, Jeremy Samuel, said “Yumi’s is a classic Anacacia type investment, partnering with the founders and management team to help build an iconic Australian brand that hopefully George Weston Foods can now help continue to take to the next level.”
Anacacia Capital typically buys or invests in leading established and emerging SMEs with annual revenue of $20 to $250 million, providing strategic insight, resources and private capital to help outstanding management grow their businesses.