Private equity fund Anacacia has sold Lomb Scientific, a supplier of laboratory chemicals and instrumentation, to United States-based Thermo Fisher.
Lomb Scientific, which generates about $34 million in annual revenues, represented about 8 per cent of the firm's total portfolio, Anacacia managing director Jeremy Samuel said.
Anacacia's portfolio now consists of four investments: baby food producer Rafferty's Garden, language services provider Appen, audio engineering firm Norwest and Home Appliances.
Anacacia is one of just two private equity funds that make up the Niche Emerging Private Equity Manager Fund (NEPEM).
The fund was established by The Private Capital Group, a group of investors that included 10 industry superannuation funds.
The establishment of a second private equity fund, NEPEM II, has been put on hold.
