M&A Deal Summary

Adamantem Capital Acquires Retail Zoo

On February 6, 2023, private equity firm Adamantem Capital acquired franchising company Retail Zoo from Bain Capital Private Equity

Acquisition Highlights
  • This is Adamantem Capital’s 1st transaction in the Franchising sector.
  • This is Adamantem Capital’s 9th transaction in Australia.

M&A Deal Summary

Date 2023-02-06
Target Retail Zoo
Sector Franchising
Buyer(s) Adamantem Capital
Sellers(s) Bain Capital Private Equity
Deal Type Secondary Buyout

Target

Retail Zoo

Clayton, Australia
Retail Zoo is a multi-brand franchise player. Retail Zoo’s leading brands include Boost Juice Bars, Salsa’s Fresh Mex Grill, Cibo Espresso and Hatch Chicken Shop. The Company operates 294 stores in Australia and 100 international stores in 9 countries. Retail Zoo was founded in 2000 and is based in Clayton, 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 11 of 15
Sector: Franchising M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
Country: Australia M&A 9 of 12
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Advara HeartCare

Paddington, Australia

Advara HeartCare is a provider of cardiology, sleep and respiratory services. A patient’s journey at Advara HeartCare begins at diagnosis and covers a full range of best-in-class services and technologies to treat cardiovascular disease (from initial consultation to non-invasive diagnostics, complex treatment, remote monitoring and follow-up). Advara HeartCare is based in Paddington, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 Pac Trading

Rosehill, Australia

PAC Trading is a flexible and reliable company for all packaging solutions for food service professionals. Pac Trading offers a wide and unique range of quality products for any food-service need at a low-cost price. Pac Trading was founded in 2000 and is based in Rosehill, Australia.

Buy -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 142 of 152
Sector: Franchising M&A 1 of 1
Type: Secondary Buyout M&A Deals 28 of 33
Country: Australia M&A 4 of 4
Year: 2023 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 J.M.Baxi

Mumbai, India

J.M.Baxi is a private terminal and inland transport service provider with operations comprising container terminals, a multi-purpose terminal, inland container depots, container freight stations, and additional logistics activities, such as rail service offerings across India. J.M.Baxi is based in Mumbai.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Novopor

Hyderabad, India

Novopor is a performance chemicals and material science company focusing on enabling sustainable innovation and strategic partnerships to improve quality of life and make a better planet for the future. Novopor partner with global companies for development and manufacturing in the field of agrochemicals, performance chemicals and material science. Novopor was founded in 1994 and is based in Hyderabad, India.

Buy -