M&A Deal Summary

Adamantem Capital Acquires Retail Zoo

On February 6, 2023, private equity firm Adamantem Capital acquired franchising company Retail Zoo from Bain Capital Private Equity

Acquisition Highlights
  • This is Adamantem Capital’s 1st transaction in the Franchising sector.
  • This is Adamantem Capital’s 9th transaction in Australia.

M&A Deal Summary
Date 2023-02-06
Target Retail Zoo
Sector Franchising
Buyer(s) Adamantem Capital
Sellers(s) Bain Capital Private Equity
Deal Type Secondary Buyout

Target

Retail Zoo

Clayton, Australia
Retail Zoo is a multi-brand franchise player. Retail Zoo’s leading brands include Boost Juice Bars, Salsa’s Fresh Mex Grill, Cibo Espresso and Hatch Chicken Shop. The Company operates 294 stores in Australia and 100 international stores in 9 countries. Retail Zoo was founded in 2000 and is based in Clayton, Australia.

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Buyer(S) 1

Buyer

Adamantem Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
PE ASSETS 1.6B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Adamantem Capital is an investment manager focused on acquiring and investing in businesses throughout Australia and New Zealand in partnership with management teams. The Firm prefers control positions and invests in a variety of industries including IT services, healthcare, consumer products, and environmental services. Adamantem Capital was founded in 2016 and is based in Sydney, Australia.

DEAL STATS #
Overall 11 of 11
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Australia) 9 of 9
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Advara HeartCare

Paddington, Australia

Advara HeartCare is a provider of Cardiology, Sleep and Respiratory services in Australia. A patient’s journey at Advara HeartCare begins at diagnosis and covers a full range of best-in-class services and technologies to treat cardiovascular disease (from initial consultation to non-invasive diagnostics, complex treatment, remote monitoring and follow-up). Advara HeartCare is based in Paddington, Australia.

Buy -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 138 of 142
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 28 of 31
Country (Australia) 3 of 3
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 J.M.Baxi

Mumbai, India

J.M.Baxi is a private terminal and inland transport service provider with operations comprising container terminals, a multi-purpose terminal, inland container depots, container freight stations, and additional logistics activities, such as rail service offerings across India. J.M.Baxi is based in Mumbai.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Porus Labs

Hyderabad, India

Porus Labs is specializes in development and production of APIs, pharmaceutical intermediates and specialty chemicals. Porus Labs was founded in 1994 and is based in Hyderabad, India.

Buy -
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