M&A Deal Summary

Adamantem Capital Acquires Advara HeartCare

On September 1, 2022, private equity firm Adamantem Capital acquired healthcare services company Advara HeartCare

Acquisition Highlights
  • This is Adamantem Capital’s 2nd transaction in the Healthcare Services sector.
  • This is Adamantem Capital’s 8th transaction in Australia.

M&A Deal Summary

Date 2022-09-01
Target Advara HeartCare
Sector Healthcare Services
Buyer(s) Adamantem Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Advara HeartCare

Paddington, Australia
Advara HeartCare is a provider of cardiology, sleep and respiratory services. 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.

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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 10 of 15
Sector: Healthcare Services M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
Country: Australia M&A 8 of 12
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 NAK Hair

Eagle Farm, Australia

NAK Hair is a professional haircare company, selling to 3,000+ salons, specialty retailers and online. NAK is focused on creating professional and salon-quality retail haircare which is primarily Australian formulated, vegan, paraben and sulphate free with an emphasis on environmentally sustainable packaging. NAK Hair was founded in 2003 and is based in Eagle Farm, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 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.

Buy -