GenesisCare CEO Dan Collins had Record Point and Morgan Stanley running the auction for his cardiology care business, CardiologyCo.Adamantem is understood to have paid between $200 million and $250 million. It would own the lion’s share of the CardiologyCo, while the doctors would keep a minority shareholding after a deal that was signed this morning.debt load.
Adamantem dealmaker Angus Stuart led the investment for the firm. It joins its other healthcare bets like Zenitas, and is the fourth investment in its second fund. The PE firm used Grant Samuel, Skye Capital and Gilbert + Tobin for advice. GenesisCare was advised by Record Point Advisory and Morgan Stanley.
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.