Webb takes stake in golf buggy maker MGI
As reported in AFR, Arnold Bloch Leibler has advised private equity firm Anacacia Capital on its majority investment in MGI Golf, a leading golf equipment company specialising in electric golf buggies.
AFR Street Talk columnists notes that Australian golf icon Karrie Webb, Olympic basketballer Matthew Dellavedova and cricket star Mitchell Starc have taken a stake in MGI, co-investing alongside Anacacia Capital and refreshing the company’s register for the first time since it was founded in 1993.
The private equity transaction was led by ABL partner Jeremy Leibler and senior associate Ari Bendet, with assistance from lawyer Natalie Ryan and law graduate Aaron Low. Banking & Finance partner Nathan Briner, senior associate Crosby Radburn, lawyer Liam Johnson and law graduate Zac Duchen advised Anacacia Capital on all debt financing aspects of the transaction.
Jeremy Leibler commented on the transaction: “We are thrilled to have advised Anacacia Capital on this significant private equity transaction. This is another example of our strong track record of working on private equity transactions in relation to founder-led businesses.”
Ari Bendet added: “This deal is a good news story and a great example of how private equity can successfully partner with business owners to help achieve their shared goals and get deals done in otherwise challenging private equity market conditions.”
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