Divestiture • Consumer Services

Adamantem Capital Acquires Linen Services Australia

On December 2, 2020, private equity firm Adamantem Capital acquired consumer services company Linen Services Australia from Spotless

Acquisition Context
  • This is Adamantem Capital’s 2nd transaction in the Consumer Services sector.
  • This is Adamantem Capital’s 5th transaction in Australia.

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M&A Deal Summary

Date December 2, 2020
Target Linen Services Australia
Sector Consumer Services
Buyer(s) Adamantem Capital
Sellers(s) Spotless
Deal Type Divestiture

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 7 of 15
Sector: Consumer Services 2 of 2
Type: Divestiture 1 of 1
Country: Australia 5 of 12
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-24 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.

Buy AU$101M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Servian Pty

Sydney, Australia

Servian Pty Ltd. is an enterprise transformation consultancy specializing in data analytics, artificial intelligence, digital services, experience design, and cloud. Servian was founded in 2008 and is based in Sydney, Australia.

Sell -

Seller Profile 1

SELLER

Spotless

Melbourne, Australia

Category Company
Sector Business Services
Revenue 3.0B AUD (2019)
DESCRIPTION

Spotless is a provider of outsourced facilities management and services, providing expert delivery of over 120 different support programs. Spotless has a significant presence in Australia and New Zealand, with subsidiary operations in 30 different countries. Spotless is based in Melbourne, Australia.


Deal Context for Seller #
Overall 1 of 1
Sector: Consumer Services 1 of 1
Type: Divestiture 1 of 1
Country: Australia 1 of 1
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Nuvo Group

Abbotsford, Australia

Nuvo Group is an electrical contracting and technology services firm. Nuvo Group was established in 2001 and is headquartered in Abbotsford, Australia.

Buy -