Buyout (LBO, MBO, MBI) • Consumer Services

Adamantem Capital Acquires Heritage Lifecare

On April 7, 2017, private equity firm Adamantem Capital acquired consumer services company Heritage Lifecare for 115M NZD

Acquisition Context

This is Adamantem Capital’s 1st transaction in the Consumer Services sector.
This is Adamantem Capital’s 2nd largest (disclosed) transaction.
This is Adamantem Capital’s 1st transaction in New Zealand.

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M&A Deal Summary
Date	April 7, 2017
Target	Heritage Lifecare
Sector	Consumer Services
Buyer(s)	Adamantem Capital
Deal Type	Buyout (LBO, MBO, MBI)
Deal Value	115M NZD

Target Company

Heritage Lifecare

Johnsonville, New Zealand

Heritage Lifecare is one of the largest providers of residential aged care and retirement services. Heritage Lifecare aims to provide its residents with the highest standards of aged care services in a supportive and caring environment and is focused on improving and expanding its portfolio to meet the growing demand for aged care services. Heritage Lifecare provides critically important infrastructure, facilities and cares for an aging population. Heritage Lifecare was founded in 2017 and is based in Johnsonville, New Zealand.

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Buyer Overview 1

Buyer

Adamantem Capital

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 Context for Buyer	#
Overall	1 of 15
Sector: Consumer Services	1 of 2
Type: Buyout (LBO, MBO, MBI)	1 of 6
Country: New Zealand	1 of 3
Year: 2017	1 of 2
Size (of disclosed)	2 of 4

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2017-11-17	Hygain Group Officer, Australia Hygain Group is a premium Australian horse feed producer. Hygain manufactures and sells specialized horse feed and supplements to the horse racing, breeding, and equestrian market segments through wholesalers and independent retailers. Hygain Group was founded in 1983 and is based in Officer, Australia.	Buy	AU$60M

DATE

TARGET

DEAL TYPE

VALUE

2017-11-17

Hygain Group

Officer, Australia

Hygain Group is a premium Australian horse feed producer. Hygain manufactures and sells specialized horse feed and supplements to the horse racing, breeding, and equestrian market segments through wholesalers and independent retailers. Hygain Group was founded in 1983 and is based in Officer, Australia.

Buy

AU$60M

Explore Related M&A Activity

Consumer Services M&A - Buyout (LBO, MBO, MBI) M&A Deals - New Zealand M&A - 2017 M&A