Next Capital investment director Adam Dicembre, who joined the Sydney-based buyout firm almost a decade ago at just 24, has been elevated to partner.
Dicembre honed his dealmaking prowess alongside founding partner Patrick Elliott, and the promotion follows a strong 18 months for the dealmaker, who oversaw the acquisitions of Compare Club, Jucy Rentals, and a stake in designer furniture supplier GlobeWest. All three deals are housed in Next Capital’s $375 million Fund V.
Sources said Dicembre was also integral to the firm’s investment in urban bus line business NZ Bus, and its exit to Australia’s largest bus network, Kinetic, in 2022. That deal was said to have returned four-times money to investors in just over two years.
Dicembre’s promotion comes as Next Capital’s dealmakers seek to rule off the sale of artisanal bread maker Noisette to George Weston Foods, the maker of brands including Tip Top and Top Taste, and a wholly owned subsidiary of Associated British Foods.
The deal is subject to competition regulator approval and is expected to value Noisette at around $100 million. KPMG corporate finance partner Nick Combes was appointed in November last year to find a new owner for Noisette, which makes premium baked products including cakes and croissants…see full article.
