Mason Stevens acquired by private equity firm

Private equity firm Adamantem Capital has entered into a binding agreement to acquire wealth platform Mason Stevens.

Adamantem is a Sydney-based private equity firm established in 2016 with more than $2 billion in funds under management.

In an announcement, Adamantem said it was attracted to the opportunity to invest in Mason Stevens, which was underpinned by a scalable digital platform and unique value proposition, providing differentiated investment solutions for its core adviser and wealth practice customers.

A representative for Mason Stevens was unable to publicly disclose the financial value of the deal.