During April 2022, Adamantem Capital Fund II announced an investment in NAK Hair, the No.3 professional haircare company in Australia.
Founded in 2003, NAK supplies Australian-made professional and retail haircare products, the majority of which are vegan, paraben and sulphate free, in sustainable packaging. With products available in over 3,000 independent salons, as well as select retailers and online and an ethos in-line with growing consumer demand for naturally formulated and environmentally sustainable products, NAK Hair provides a strong platform to deliver steady growth.
Adamantem’s investment thesis is to accelerate NAK’s existing sales momentum and target new avenues of growth. Adamantem have also identified a number of potential M&A opportunities which they believe would enhance the breadth and depth of NAK’s offering.
