Private equity firm Anacacia Capital has established its own business advisory council made up of 11business people from public and private companies.
The firm was set up in February by former ANZ Capital private equity director Jeremy Samuel. Each of the advisory council members had worked with Samuel.
"I have had the privilege of working with each of them in prior roles and am confident that their advice will be invaluable," Samuel said.
The advisors include Robert Aitken, David Allman, David Balkin, Michael Braham, Joseph Healy, Malcolm Jackman, Tim Jackson, Peter Lewis, Ern Pope, Sam Linz and Jon Shein.
They have worked for companies including Nestle, Rebel Sport, Seven, ANZ Capital, McKinsey and Barbeques Galore.
"The advisory council members will initially help screen investment opportunities. Once we decide to invest in a company we will look to place one or two of these members as non-executive directors on the board of the company," Samuel said.
The firm will focus on investing in small to medium sized businesses with EBIT [earnings before interest and tax] profits of $5 million.
A wholesale private equity fund is scheduled to be launched mid this year with funds raised from institutional investors including superannuation funds and high net worth investors.
