Street Talk

Handbags at dawn for local buyout firms as EQT’s Nexon sale ramps up

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 8, 2025 – 4.30pm

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It’s Pacific Equity Partners versus Adamantem Capital for EQT Partners’s $30 million-a-year IT services outfit Nexon Asia Pacific, up for sale via investment bank Houlihan Lokey.

Street Talk can reveal the two private equity firms, both prolific dealmakers across Australia and New Zealand, are through to the final round of the auction and preparing to submit binding offers in the coming weeks.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.