Johnson Winter Slattery (JWS) has advised global private equity firm EQT on its sale of leading digital and IT services provider, Nexon Asia Pacific (Nexon) to Adamantem Capital.
JWS provided legal advice to EQT, Barry Assaf and the management team on all aspects of the transaction. Partners James Rozsa and Andrew Williams led the JWS team, with assistance from Special Counsel Alexandra Neovius, Senior Associate Nathan Ricardo and Associates Francesca Gazal and Ella Furphy.
During EQT’s six-year investment period, Nexon has transformed into a scaled and diversified business with an expanded client base and has registered more than five-fold growth in sales revenue. Since acquiring Nexon in July 2019, EQT has supported a comprehensive transformation led by Nexon’s Founder and CEO, Barry Assaf, as detailed in EQT’s media release.
Commenting on the transaction, JWS Partner James Rozsa said, “We are always pleased to be advising EQT in the Australian market and reaching milestones such as this. We look forward to assisting EQT, Barry and the Nexon team to close out the transaction and to see the company enter its next phase of growth. My congratulations also to the Adamantem Capital team on reaching this point.”
The transaction is subject to customary conditions and approvals and is expected to close by the end of 2025.
PwC and investment bank Houlihan Lokey were also on the sell-side advisory bench for the transaction.
About Johnson Winter Slattery
JWS is a leading independent Australian law firm of more than 450 people, including 80+ partners. The firm is engaged by major corporates and investment funds on their most challenging transactions and disputes.
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