FUNDRAISING NEWS | December 19, 2024
Australian private equity firm Adamantem Capital has agreed to acquire wealth platform Mason Stevens.
In a December 18 news release, Mason Stevens said the transaction will bring about significant value and benefits for its clients, employees and shareholders. Financial terms of the deal were not disclosed, but Australian press reports suggested the firm, which manages approximately AUD$8B (~$4.98B) in client assets could be valued at AUD$200M (~$124M).
With over AU$2B (~$1.26B) of funds under management, Adamantem is an investment manager engaged in responsible and impact investing. The firm's investments span both private equity and public markets, with assets primarily in Australia and New Zealand.
Written By: Dakota
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