Adamantem Capital to acquire Apiam Animal Health for AUD228.4m.

Adamantem Capital, a specialized Australian private equity firm, offered to acquire Apiam Animal Health, an Australia-based rural and regional veterinary group, for AUD228.4m. “The IBC believes this transaction represents an attractive outcome for Apiam shareholders, providing certainty of value and an immediate premium to recent trading prices. Adamantem’s proposal follows other inbound interest in Apiam and recognises Apiam’s strong market position, national network and continued growth potential,” Andrew Vizar, Apiam Animal Health Chairman.