Herbert Smith Freehills Kramer advising Apiam Animal Health on acquisition by Adamantem Capital

Herbert Smith Freehills Kramer (HSF Kramer) is pleased to be advising Apiam Animal Health Limited (ASX: AHX) (Apiam) on its proposed acquisition by entities controlled by private equity firm Adamantem Capital by way of a scheme of arrangement.

Apiam is one of Australia’s leading rural vet businesses, with more than 80 vet clinics and business sites across Australia. It provides services to both the companion animal and livestock industries, which include dairy, beef, pig, sheep and poultry. Apiam stated that the acquisition recognises its strong market position, national network, and continued growth potential.

The HSF Kramer team was led by partners Philippa Stone and Andrew Rich, with support from senior associates Mia Beagley and Henry Simpson, and from partner Ryan Leslie and senior associates Naison Seery and Kim Noah in the tax team.

Philippa Stone said, “We are delighted to be working with the team at Apiam on this important transaction.”

Implementation of the scheme is subject to certain conditions including Australian Foreign Investment Review Board approval, Apiam shareholder approval and court approval.

This deal is the latest example of HSF Kramer’s market-leading work in Australian M&A. Other recent examples include advising:

• One Investment Management on its proposed A$3.3 billion acquisition of Insignia Financial as part of a consortium including CC Capital
• Dropsuite on its A$420 million acquisition by NinjaOne
• MA Financial on its acquisition of specialist real estate investment manager IP Generation
• Chemist Warehouse on its A$34 billion merger with Sigma Healthcare
• Weir on its A$1.35 billion (£657 million) acquisition of mining software provider, Micromine
• The Carlyle Group Inc. on its acquisition of Waste Services Group
• Healius Limited on the sale of Lumus Imaging to Affinity Equity Partners for A$965 million