M&A Deal Summary

Adamantem Capital and Liverpool Partners Acquire Zenitas

On December 1, 2018, private equity firms Adamantem Capital and Liverpool Partners acquired healthcare services company Zenitas for 122M AUD

Acquisition Highlights
  • This is Adamantem Capital’s 1st and Liverpool Partners’ 1st transaction in the Healthcare Services sector.
  • This is Adamantem Capital’s and Liverpool Partners’ largest (disclosed) transaction.
  • This is Adamantem Capital’s 3rd and Liverpool Partners’ 1st transaction in Australia.

M&A Deal Summary
Date 2018-12-01
Target Zenitas
Sector Healthcare Services
Buyer(s) Adamantem Capital
Liverpool Partners
Deal Type Going Private
Deal Value 122M AUD

Target

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; providing disability and aged care services in people’s homes, Primary Care; including General Practitioners, Allied Health Clinics; clinics providing services such as physiotherapy, occupational therapy and podiatry and Mobile Allied Health; allied health services delivered in aged care facilities. Zenitas is based in Melbourne, Australia.

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Buyer(S) 2

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 5 of 11
Sector (Healthcare Services) 1 of 2
Type (Going Private) 1 of 2
Country (Australia) 3 of 9
Year (2018) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Hellers

Christchurch, New Zealand

Hellers is a producer of bacon, ham, and smallgoods from factories in Christchurch and Auckland and sells largely through the supermarket chains nationwide. Hellers is based in Christchurch, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-24 Legend

Seven Hills, Australia

Legend is a preferred distributor to major electrical wholesalers in Australia and New Zealand. 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
Buyer

Liverpool Partners

Category Private Equity Firm
Founded 2012
PE ASSETS 1.4B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Liverpool Partners is a private equity firm focused on growth-oriented company investments throughout Australia and New Zealand. The Firm looks to invest $10 to $200 million in businesses with $10 to $200 million of revenue. Prospective comapnies typcially possess established, scalable business models, quality management in place, and strong opportunities for growth. Liverpool Partners was formed in 2012 and is headquartered in Sydney.

DEAL STATS #
Overall 1 of 8
Sector (Healthcare Services) 1 of 3
Type (Going Private) 1 of 1
Country (Australia) 1 of 8
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Seisma

Melbourne, Australia

Seisma is a provider of digital transformation and cloud consulting services, with specific strengths in financial services and Salesforce projects. Seisma was founded in 2004 and is based in Melbourne, Australia.

Buy -
Mergr

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