{"id":29958,"date":"2025-08-13T06:20:35","date_gmt":"2025-08-13T06:20:35","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/eqt-to-sell-nexon-asia-pacific-to-adamantem-capital\/"},"modified":"2025-08-13T06:20:35","modified_gmt":"2025-08-13T06:20:35","slug":"eqt-to-sell-nexon-asia-pacific-to-adamantem-capital","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=29958","title":{"rendered":"EQT to sell Nexon Asia Pacific to Adamantem Capital"},"content":{"rendered":"<ul type=\"disc\">\n<li>EQT to sell Nexon Asia Pacific, a leading digital and IT services provider in <span class=\"xn-location\">Australia<\/span> that delivers end-to-end solutions for the mid-market and enterprise market, to Adamantem Capital.<\/li>\n<li>During\u00a0EQT&#8217;s investment period, Nexon has transformed into a scaled and diversified business, with an expanded client base and strong financials to power its next phase of growth.<\/li>\n<li>With over 600 employees,\u00a0Nexon now serves more than 1,000 mid-market and enterprise customers across <span class=\"xn-location\">Australia<\/span> with its diversified offerings and end-markets.<\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SYDNEY<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 13, 2025<\/span><\/span> \/PRNewswire\/ &#8212; EQT is pleased to announce that the EQT Mid-Market Asia III fund (&#8220;EQT&#8221;) has agreed to sell Nexon Asia Pacific (&#8220;Nexon&#8221; or the &#8220;Company&#8221;) to Adamantem Capital. The transaction marks a significant milestone in Nexon&#8217;s growth journey, following its transformation that began with EQT&#8217;s investment in 2019.<\/p>\n<p>Founded in 2000, Nexon is an award-winning digital and IT services provider headquartered in <span class=\"xn-location\">Sydney, Australia<\/span>. The Company offers a broad suite of solutions to clients who require end-to-end capabilities and specialist expertise in security, cloud and digital solutions. Over the past six years, Nexon has scaled substantially and registered more than five-fold growth in sales revenue.<\/p>\n<p>Since acquiring Nexon in <span class=\"xn-chron\">July 2019<\/span>, EQT has supported a comprehensive transformation led by Nexon&#8217;s Founder and CEO, <span class=\"xn-person\">Barry Assaf<\/span>. During this time, Nexon has successfully executed a complementary organic and acquisition-assisted growth strategy and completed a total of eight bolt-on acquisitions, including Liveware Solutions, Veridian Solutions, Equate Technologies and Computer Systems Australia. Nexon has expanded from 150 employees at the time of acquisition to a workforce of over 600. The Company now serves more than 1,000 mid-market and enterprise customers in <span class=\"xn-location\">Australia<\/span>.<\/p>\n<p><b><span class=\"xn-person\">Frank Heckes<\/span>, Partner\u00a0in the EQT Private Capital Asia advisory team, Co-Head of EQT Private Capital Australia, and Co-Head of Technology in <span class=\"xn-location\">Asia<\/span><\/b>, said: &#8220;Over the course of our partnership, we&#8217;ve been fortunate to work closely with the talented leadership team at Nexon, whose strategic vision and deep industry expertise have been critical to the Company&#8217;s success. Together, we&#8217;ve built on Nexon&#8217;s strong foundations, driving innovation, expanding its service offering, and strengthening its market position. We are proud of what has been achieved and are confident that the Company is well-positioned for continued success in its next chapter.&#8221;<\/p>\n<p>Commenting on the transaction, <b><span class=\"xn-person\">Barry Assaf<\/span>, Founder and CEO of Nexon Asia Pacific<\/b>, said: &#8220;We&#8217;re incredibly proud of how far Nexon has come. With EQT&#8217;s support, we&#8217;ve grown to become one of <span class=\"xn-location\">Australia&#8217;s<\/span> leading IT services platforms, scaling our team, broadening our customer base and significantly expanding our capabilities across cloud, security and digital solutions. EQT has been a true partner in helping us execute our growth strategy, including acquisitions that have strengthened our service offering and market reach. As we look to the future, we&#8217;re excited to build on this momentum and continue our journey with Adamantem Capital, driving even greater impact for our customers across <span class=\"xn-location\">Australia<\/span>.&#8221;<\/p>\n<p>EQT has been investing in <span class=\"xn-location\">Australia<\/span> and <span class=\"xn-location\">New Zealand<\/span> since 2010 and established its <span class=\"xn-location\">Sydney<\/span> office in 2020, focusing on target sectors such as technology, services and healthcare. EQT&#8217;s full-lifecycle investment approach spans early-stage growth to large-cap buyouts, with recent investments from its Private Capital strategy including Compass Education, VetPartners, PageUp, and Neara. The firm is active in <span class=\"xn-location\">Australia<\/span> across multiple asset classes &#8211; including Private Capital, Real Estate and Infrastructure &#8211; as well as through its Private Wealth strategy. EQT also leverages a global network of more than 700 Industrial Advisors, including over 50 based in <span class=\"xn-location\">Australia<\/span> and <span class=\"xn-location\">New Zealand<\/span>, who play a critical role in developing investment opportunities and driving long-term value creation.<\/p>\n<p>The transaction is subject to customary conditions and approvals. EQT was advised by <span class=\"xn-person\">Houlihan Lokey<\/span> and JWS on the transaction.<\/p>\n<p><b>Contact<\/b><\/p>\n<p>EQT Press Office, <a href=\"mailto:press@eqtpartners.com\" target=\"_blank\" rel=\"nofollow\">press@eqtpartners.com<\/a><\/p>\n<p>This information was brought to you by Cision <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4487344-1&amp;h=3501780829&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" target=\"_blank\" rel=\"nofollow\">http:\/\/news.cision.com<\/a><\/p>\n<p><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4487344-1&amp;h=1895580856&amp;u=https%3A%2F%2Fnews.cision.com%2Feqt%2Fr%2Feqt-to-sell-nexon-asia-pacific-to-adamantem-capital%2Cc4217298&amp;a=https%3A%2F%2Fnews.cision.com%2Feqt%2Fr%2Feqt-to-sell-nexon-asia-pacific-to-adamantem-capital%2Cc4217298\" target=\"_blank\" rel=\"nofollow\">https:\/\/news.cision.com\/eqt\/r\/eqt-to-sell-nexon-asia-pacific-to-adamantem-capital,c4217298<\/a><\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4487344-1&amp;h=1188288113&amp;u=https%3A%2F%2Fmb.cision.com%2FMain%2F87%2F4217298%2F3607435.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FMain%2F87%2F4217298%2F3607435.pdf\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/mb.cision.com\/Main\/87\/4217298\/3607435.pdf<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">250813 Press Release_EQT to sell Nexon Asia Pacific to Adamantem Capital<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4487344-1&amp;h=1151824515&amp;u=https%3A%2F%2Fnews.cision.com%2Feqt%2Fi%2Fimage-nexon%2Cc3460306&amp;a=https%3A%2F%2Fnews.cision.com%2Feqt%2Fi%2Fimage-nexon%2Cc3460306\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/news.cision.com\/eqt\/i\/image-nexon,c3460306<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Image Nexon<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<ul type=\"disc\">\n<li>EQT to sell Nexon Asia Pacific, a leading digital and IT services provider in <span class=\"xn-location\">Australia<\/span> that delivers end-to-end solutions for the mid-market and enterprise market, to Adamantem Capital.<\/li>\n<li>During\u00a0EQT&#8217;s investment period, Nexon has transformed into a scaled and diversified business, with an expanded client base and strong financials to power its next phase of growth.<\/li>\n<li>With over 600 employees,\u00a0Nexon now serves more than 1,000 mid-market and enterprise customers across <span class=\"xn-location\">Australia<\/span> with its diversified offerings and end-markets.<\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SYDNEY<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 13, 2025<\/span><\/span> \/PRNewswire\/ &#8212; EQT is pleased to announce that the EQT Mid-Market Asia III fund (&#8220;EQT&#8221;) has agreed to sell Nexon Asia Pacific (&#8220;Nexon&#8221; or the &#8220;Company&#8221;) to Adamantem Capital. The transaction marks a significant milestone in Nexon&#8217;s growth journey, following its transformation that began with EQT&#8217;s investment in 2019.<\/p>\n<p>Founded in 2000, Nexon is an award-winning digital and IT services provider headquartered in <span class=\"xn-location\">Sydney, Australia<\/span>. The Company offers a broad suite of solutions to clients who require end-to-end capabilities and specialist expertise in security, cloud and digital solutions. Over the past six years, Nexon has scaled substantially and registered more than five-fold growth in sales revenue.<\/p>\n<p>Since acquiring Nexon in <span class=\"xn-chron\">July 2019<\/span>, EQT has supported a comprehensive transformation led by Nexon&#8217;s Founder and CEO, <span class=\"xn-person\">Barry Assaf<\/span>. During this time, Nexon has successfully executed a complementary organic and acquisition-assisted growth strategy and completed a total of eight bolt-on acquisitions, including Liveware Solutions, Veridian Solutions, Equate Technologies and Computer Systems Australia. Nexon has expanded from 150 employees at the time of acquisition to a workforce of over 600. The Company now serves more than 1,000 mid-market and enterprise customers in <span class=\"xn-location\">Australia<\/span>.<\/p>\n<p><b><span class=\"xn-person\">Frank Heckes<\/span>, Partner\u00a0in the EQT Private Capital Asia advisory team, Co-Head of EQT Private Capital Australia, and Co-Head of Technology in <span class=\"xn-location\">Asia<\/span><\/b>, said: &#8220;Over the course of our partnership, we&#8217;ve been fortunate to work closely with the talented leadership team at Nexon, whose strategic vision and deep industry expertise have been critical to the Company&#8217;s success. Together, we&#8217;ve built on Nexon&#8217;s strong foundations, driving innovation, expanding its service offering, and strengthening its market position. We are proud of what has been achieved and are confident that the Company is well-positioned for continued success in its next chapter.&#8221;<\/p>\n<p>Commenting on the transaction, <b><span class=\"xn-person\">Barry Assaf<\/span>, Founder and CEO of Nexon Asia Pacific<\/b>, said: &#8220;We&#8217;re incredibly proud of how far Nexon has come. With EQT&#8217;s support, we&#8217;ve grown to become one of <span class=\"xn-location\">Australia&#8217;s<\/span> leading IT services platforms, scaling our team, broadening our customer base and significantly expanding our capabilities across cloud, security and digital solutions. EQT has been a true partner in helping us execute our growth strategy, including acquisitions that have strengthened our service offering and market reach. As we look to the future, we&#8217;re excited to build on this momentum and continue our journey with Adamantem Capital, driving even greater impact for our customers across <span class=\"xn-location\">Australia<\/span>.&#8221;<\/p>\n<p>EQT has been investing in <span class=\"xn-location\">Australia<\/span> and <span class=\"xn-location\">New Zealand<\/span> since 2010 and established its <span class=\"xn-location\">Sydney<\/span> office in 2020, focusing on target sectors such as technology, services and healthcare. EQT&#8217;s full-lifecycle investment approach spans early-stage growth to large-cap buyouts, with recent investments from its Private Capital strategy including Compass Education, VetPartners, PageUp, and Neara. The firm is active in <span class=\"xn-location\">Australia<\/span> across multiple asset classes &#8211; including Private Capital, Real Estate and Infrastructure &#8211; as well as through its Private Wealth strategy. EQT also leverages a global network of more than 700 Industrial Advisors, including over 50 based in <span class=\"xn-location\">Australia<\/span> and <span class=\"xn-location\">New Zealand<\/span>, who play a critical role in developing investment opportunities and driving long-term value creation.<\/p>\n<p>The transaction is subject to customary conditions and approvals. EQT was advised by <span class=\"xn-person\">Houlihan Lokey<\/span> and JWS on the transaction.<\/p>\n<p><b>Contact<\/b><\/p>\n<p>EQT Press Office, <a href=\"mailto:press@eqtpartners.com\" target=\"_blank\" rel=\"nofollow\">press@eqtpartners.com<\/a><\/p>\n<p>This information was brought to you by Cision <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4487344-1&amp;h=3501780829&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" target=\"_blank\" rel=\"nofollow\">http:\/\/news.cision.com<\/a><\/p>\n<p><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4487344-1&amp;h=1895580856&amp;u=https%3A%2F%2Fnews.cision.com%2Feqt%2Fr%2Feqt-to-sell-nexon-asia-pacific-to-adamantem-capital%2Cc4217298&amp;a=https%3A%2F%2Fnews.cision.com%2Feqt%2Fr%2Feqt-to-sell-nexon-asia-pacific-to-adamantem-capital%2Cc4217298\" target=\"_blank\" rel=\"nofollow\">https:\/\/news.cision.com\/eqt\/r\/eqt-to-sell-nexon-asia-pacific-to-adamantem-capital,c4217298<\/a><\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4487344-1&amp;h=1188288113&amp;u=https%3A%2F%2Fmb.cision.com%2FMain%2F87%2F4217298%2F3607435.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FMain%2F87%2F4217298%2F3607435.pdf\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/mb.cision.com\/Main\/87\/4217298\/3607435.pdf<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">250813 Press Release_EQT to sell Nexon Asia Pacific to Adamantem Capital<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4487344-1&amp;h=1151824515&amp;u=https%3A%2F%2Fnews.cision.com%2Feqt%2Fi%2Fimage-nexon%2Cc3460306&amp;a=https%3A%2F%2Fnews.cision.com%2Feqt%2Fi%2Fimage-nexon%2Cc3460306\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/news.cision.com\/eqt\/i\/image-nexon,c3460306<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Image Nexon<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-29958","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/29958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29958"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/29958\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}