Going Private • Distribution

Adamantem Capital Acquires Legend

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

Acquisition Context

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.

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

Target Company

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.

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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	6 of 15
Sector: Distribution	1 of 1
Type: Going Private	2 of 2
Country: Australia	4 of 12
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

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	-

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

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