My team acted for Anacacia Capital in its acquisition of a 58% stake in LEDified, a provider of energy-efficient, high tech light-emitting diode (LED) lighting.
LEDified was recognised as Australia’s fastest growing start-up as measured by revenue in 2015-2016. LEDified’s revenue during that year was the highest of any company to have commenced trading since 1 July 2012.
LEDified acknowledged that taking on Anacacia as a 58% owner helped the business to add critical senior experienced managers to what was then a youthful management team.
Addisons provided mergers and acquisitions and private equity advice to Anacacia on this project.