Adamantem buys New Zealand's Heritage Lifecare
Adamantem Capital, an Australia-based mid-market PE firm set by former executives from Pacific Equity Partners (PEP), has acquired New Zealand’s Heritage Lifecare for an enterprise valuation of NZ$115 million ($80 million).
Heritage is an aged-care and retirement village operator with a capacity of 969 beds and 320 living units across 19 facilities. Its largest facility, situated on the outskirts of Auckland, comprises a...
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