Nexon: EQT to Sell Nexon Asia Pacific to Adamantem Capital
Deal News | Aug 13, 2025 | EQT
EQT, under its EQT Mid-Market Asia III fund, has agreed to sell Nexon Asia Pacific to Adamantem Capital. Originally founded in 2000 and based in Sydney, Nexon is a notable digital and IT services provider, offering a range of cloud, security, and digital solutions. Under EQT's tenure, beginning in 2019, Nexon transformed into a scaled and diversified business, increasing its workforce from 150 to over 600 employees and completing eight strategic acquisitions. This growth has established Nexon as a key player in Australia's IT service market, serving over 1,000 mid-market and enterprise clients. The transaction is significant for EQT, which has been active in the Australian and New Zealand markets since 2010, investing in healthcare, technology, and services sectors. With the sale to Adamantem Capital, Nexon looks to further expand its reach and capabilities. Hopeful about the future, both EQT and Nexon's leadership express confidence in continued success and strategic expansion.
Sectors
- Digital and IT Services
- Private Equity
Geography
- Australia – Nexon Asia Pacific is based in Australia and serves over 1,000 clients within the country, making it a crucial geographical focus.
- Asia Pacific – EQT's involvement through its Asia-specific fund and the firm's broader regional presence highlights the Asia Pacific's significance.
Industry
- Digital and IT Services – This sector is relevant as Nexon Asia Pacific is a significant player offering digital, cloud, and IT solutions across Australia.
- Private Equity – EQT, a private equity firm, orchestrated the transaction, highlighting its role in investment and business transformation strategies.
Financials
- Not Specified – The article does not specify the financial terms of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nexon Asia Pacific | Target Company | Company | A leading digital and IT services provider in Australia, experiencing significant growth under EQT's ownership. |
| EQT | Selling Company | Company | A global investment organization that has been instrumental in Nexon's recent growth. |
| Adamantem Capital | Buying Company | Company | The private equity firm acquiring Nexon Asia Pacific from EQT. |
| Houlihan Lokey | Financial Advisor | Company | Advised EQT on the sale of Nexon Asia Pacific. |
| JWS | Legal Advisor | Company | Provided legal advice to EQT during the transaction. |