M&A Deal Summary

Adamantem Capital Acquires Legend

On May 24, 2019, private equity firm Adamantem Capital acquired distribution company Legend for 101M AUD

Acquisition Highlights
  • This is Adamantem Capital’s 1st transaction in the Distribution sector.
  • This is Adamantem Capital’s 3rd largest (disclosed) transaction.
  • This is Adamantem Capital’s 4th transaction in Australia.

M&A Deal Summary
Date 2019-05-24
Target Legend
Sector Distribution
Buyer(s) Adamantem Capital
Deal Type Going Private
Deal Value 101M AUD
Advisor(s) Minter Ellison (Legal)

Target

Legend

Seven Hills, Australia
Legend is a preferred distributor to major electrical wholesalers. Legend engineers certify and supply commercial, industrial and utility electrical products, data and telecommunications solutions, defence electronics, industrial gas systems, and test and measurement products and services. Legend products range from highly engineered electrical systems through to core staple products such as lugs, cable glands and cable ties that form part of the critical electrical infrastructure in all built structures where power and data are present. Legend was founded in 1962 and is based in Seven Hills, Australia.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 6 of 14
Sector (Distribution) 1 of 1
Type (Going Private) 2 of 2
Country (Australia) 4 of 11
Year (2019) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Zenitas

Melbourne, Australia

Zenitas is a community-based healthcare provider, specializing in home and in-clinic care solutions. Zenitas operates in four areas of community-based healthcare, home Care, primary Care, allied health Clinics, allied health. Zenitas is based in Melbourne, Australia.

Buy AU$122M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Linen Services Australia

Northcote, Australia

Linen Services Australia is a commercial laundry operator and providing critical linen and garment services to ~3,500 customers. Linen Services Australia is based in Northcote, Australia.

Buy -
Mergr

Product

Company

Legal