M&A Deal Summary

Adamantem Capital Acquires Nexon

On August 19, 2025, private equity firm Adamantem Capital acquired information technology company Nexon from EQT

Acquisition Highlights
  • This is Adamantem Capital’s 2nd transaction in the Information Technology sector.
  • This is Adamantem Capital’s 12th transaction in Australia.

M&A Deal Summary

Date 2025-08-19
Target Nexon
Sector Information Technology
Buyer(s) Adamantem Capital
Sellers(s) EQT
Deal Type Secondary Buyout

Target

Nexon

Sydney, Australia
Nexon is an end-to-end managed IT services provider in Australia. The Company delivers innovative, integrated, tailored, and scalable solutions to support the IT functions of clients. The offering includes six interconnected solutions: Secure Networks, Unified Communications, Cloud Services, Managed Security, Business Solutions, and Digital Workspace, wrapped with Nexon managed IT services. Nexon was founded in 2000 and is based in Sydney, 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 15 of 15
Sector: Information Technology M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 3
Country: Australia M&A 12 of 12
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-01 Edge Zero

Victoria, Australia

Edge Zero is an energy technology company with a global engineering and software development team. Edge Zero business is scaling proprietary, cloud-based grid monitoring platforms that provide real-time visibility of the low voltage (LV) electricity grid through a network of transformer monitoring devices. Edge Zero was founded in 2020 and is based in Victoria, Australia.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 194 of 194
Sector: Information Technology M&A 15 of 15
Type: Secondary Buyout M&A Deals 61 of 61
Country: Australia M&A 2 of 2
Year: 2025 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-28 NEOGOV

El Segundo, California, United States

NEOGOV is a talent management software platform focused on government, education and public sector clients. NEOGOV provides market major software-as-a-service (SaaS) talent management solutions to automate and streamline the recruitment, onboarding and performance evaluation processes for government and other public sector institutions. NEOGOV was founded in 2000 and is based in El Segundo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-06 Harvey

San Francisco, California, United States

Harvey is a domain-specific AI for legal and professional services. Harvey's products streamline workflows in areas including contract analysis, due diligence, compliance, and litigation to drive efficiency and value. Harvey was founded in 2022 and is based in San Francisco, California.

Buy -