PE player Adamantem completes Mason Stevens acquisition

Private equity firm Adamantem Capital has completed its acquisition of platform business Mason Stevens first announced late last year.

In an announcement confirming completion of the transaction, Mason Stevens said it would now increase and accelerate investment in integrated wealth platform and services for wealth practices.

Commenting on the move, Mason Stevens chief executive, Tim Yule said it would enable his firm to fast-track its vision of delivering more advanced investment solutions and growing its client base.

“We look forward to working with the Adamantem team to build on the strong foundations we’ve established and continue to deliver superior results for existing and new clients,” he said.

The announcement pointed to Mason Stevens having experienced a strong growth trajectory since it was founded in 2010, noting that since the beginning of FY22, the business has had 57% growth in Funds Under Administration (FUA) and now manages circa $8 billion in FUA.

Adamantem Capital managing director, Georgina Varley said the firm had been attracted to Mason Stevens by the breadth and sophistication of its offering.

Adamantem has more than $2 billion in funds under management and claims a record of successfully scaling organisations across various sectors.