Firm at a glance
Adamantem Capital is a platform private equity firm founded in 2016 and headquartered in Sydney, NSW, per its own website [S1]. The firm reports managing over $2 billion in assets under management as of January 2025 [S2].
What they buy
Based on its publicly disclosed portfolio, Adamantem Capital appears to pursue investments across healthcare, environmental services, technology, and consumer sectors in Australia and New Zealand [S3]. The firm’s holdings span aged care providers, animal health services, renewable energy companies, financial services platforms, and consumer brands. Portfolio composition suggests a focus on middle-market businesses in sectors experiencing regulatory tailwinds or sustainability-driven growth.
Portfolio
Adamantem Capital’s portfolio includes approximately 19 companies as of January 2025 [S3]:
**Healthcare:** Heritage Lifecare, Zenitas, Advara HeartCare, Apiam Animal Health
**Environmental and Energy:** Climate Friendly, Ecoware, Evnex, Edge Zero, QANTM Microgrid, Solar Battery Group
**Technology and Services:** Servian, Nexon
**Consumer and Retail:** Hygain Holdings, Hellers, NAK Hair, Retail Zoo
**Financial Services:** Mason Stevens
**Forestry:** PF Olsen & Forest360
**Commercial Services:** Legend Linen Services Australia
Recent activity (last 24 months)
* March 2, 2026: Acquired PF Olsen and Forest360 [S4]
* February 24, 2026: Acquired Apiam Animal Health [S4]
* February 2, 2026: Acquired Solar Battery Group [S4]
* December 17, 2025: Acquired Nexon Asia Pacific [S4]
* August 19, 2025: Acquired Nexon Asia Pacific (additional transaction) [S4]
* February 1, 2025: Closed Adamantem Environmental Opportunities Fund [S4]
How this firm fits a seller
Adamantem Capital’s transaction activity demonstrates consistent acquisition appetite, with five platform investments completed in the 12 months through March 2026. The firm’s portfolio concentration in healthcare and environmental services suggests particular interest in businesses serving aging populations or addressing decarbonization needs. For owner-operators in Australia and New Zealand operating in these verticals, Adamantem represents an active buyer with demonstrated capacity to close transactions. The firm’s fund close in early 2025 indicates available capital for new investments.
Sources
[S1] https://adamantem.com.au/about-us/ (as of 2025-01-15)
[S2] https://adamantem.com.au (as of 2025-01-15)
[S3] https://adamantem.com.au/portfolio/ (as of 2025-01-15)
[S4] https://adamantem.com.au/insights/ (as of 2025-01-15)
Frequently asked questions
Does Adamantem Capital buy healthcare businesses?
Yes, healthcare represents a significant portion of Adamantem Capital’s portfolio. The firm holds investments in Heritage Lifecare, Zenitas, Advara HeartCare, and Apiam Animal Health as of January 2025 [S3]. The February 2026 acquisition of Apiam Animal Health demonstrates continued interest in the sector [S4].
What companies has Adamantem Capital acquired recently?
Adamantem Capital’s most recent acquisitions include PF Olsen and Forest360 in March 2026, Apiam Animal Health in February 2026, and Solar Battery Group in February 2026 [S4]. The firm also completed two transactions involving Nexon Asia Pacific in late 2025.
Where is Adamantem Capital based and how big is the firm?
Adamantem Capital is based in Sydney, NSW, with offices at Level 8, 167 Macquarie Street [S1][S2]. The firm reports managing over $2 billion in assets under management as of January 2025 [S2].
Is Adamantem Capital still actively acquiring?
Yes, Adamantem Capital appears actively acquiring based on recent transaction history. The firm completed three separate acquisitions in the first quarter of 2026 alone, including PF Olsen and Forest360, Apiam Animal Health, and Solar Battery Group [S4].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.