Mason Stevens acquired by Adamantem Capital

Platform provider, Mason Stevens, has accepted and entered into a binding agreement to be acquired by private equity firm, Adamantem Capital.
Adamantem Capital boasts over $2 billion in funds under management (FUM), with Mason Stevens’ managed accounts solutions and digital platform identified as a core reason for the transaction.
Mason Stevens chief executive, Tim Yule, said the deal was “an exciting development” for the company which will “deliver significant value and benefits for clients, employees and shareholders”.
We are excited to partner with Adamantem Capital, who will enable us to take our business to the next level and further our growth,” he said.
“This investment will allow us to accelerate our strategy, enhance our product offerings, and deliver even greater value to our clients.”
It is understood that the transaction will pave the way for Mason Stevens to continue enhancing its suite of products and solutions for financial advisers and wealth practices.
“We have admired the business for some time and are attracted to its unique and valuable digital platform and investment service offering,” Georgina Varley, Managing Director at Adamantem Capital, said.
“We are excited to partner with the Mason Stevens team and to invest behind a strong strategic growth agenda.”
The PHD in economics is the scariest. How many academics actually understand the real world
Money is leaving at a slower rate with this being considered by AMP management as a positive. Australia's Money Pit…
"Our recently launched digital advice solution for AMP Super members is providing simple, intuitive retirement advice at no extra cost.”…
Assistant to Bill Shorten...FoFA, A time when dozens of submissions were made, 90 odd submissions ranging from clients be sent…
Only way to get that 1.25 times back will be to move clients from Brighter Super into their SMA on…