Mandanex Capital

What Mandanex Capital does

Mandanex Capital is a privately held mid-market M&A advisory, business valuation, and capital-raising firm founded in 2014 by Richard Hemingway and headquartered in Sydney, Australia, at Level 17 Chifley Tower. The group operates an Asia-Pacific cross-border platform spanning Australia, New Zealand, Indonesia, Singapore, India, and Germany, supported by strategic memberships in IR Global (exclusive Business & Asset Valuations member in Australia), the Alliance of M&A Advisors (AMAA), and Cross Border Associates (CBA). Services span business valuations, M&A advisory, buyer representation, deal structuring, succession planning, international marketing, and business sales, targeting private mid-market businesses with deal values typically in the $5M–$500M band. The firm maintains wholly owned regional subsidiaries—Nexus Business Sales (NZ), PT Nexus Bisnis Indonesia, and Mandanex Capital Pte Ltd (Singapore)—each led by local directors with sector-specific operating experience.

The firm runs three primary revenue streams: (1) M&A advisory and success fees on completed transactions; (2) standalone business valuation engagements; and (3) debt capital origination through the Mandanex Finance arm, which operates as an authorised credit representative of Finsure and accesses 40+ lenders for SME clients. Pricing is engagement-based and not publicly disclosed, with transaction-based economics on completed deals. Distribution is sales-led and relationship-driven, supported by referral pipelines from IR Global, AMAA, and CBA networks representing thousands of closed transactions and tens of thousands of investors globally. The firm's GTM also includes a community-led component, actively inviting like-minded mid-market M&A and brokerage firms to share listings and expertise.

Mandanex is bootstrapped with no external equity funding and a flat ownership structure concentrated in the founders and regional directors. As of 2023, Managing Director Richard Hemingway concurrently serves as CEO of BlueMount Capital, a separate Sydney-based mid-market investment bank. The firm holds Australian Financial Services Licence authorisation and advertises 11–50 employees in total. There is no disclosed software platform, proprietary technology, or AI capability; the offering is a pure professional services delivery model leveraging the Bizstats third-party transaction database for valuation support.

Name

Mandanex Capital

Legal name

Mandanex Capital Pty Ltd

Website

https://mandanex.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Mandanex Capital is a privately held, Sydney-headquartered mid-market M&A advisory, business valuation, and capital-raising firm serving private Asia-Pacific businesses with deal values typically between $5M and $500M, with operations across Australia, New Zealand, Indonesia, Singapore, India, and Germany.

Ownership category

akta.pro rank

Product category

M&A Advisory and Business Valuation Services

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Loan Brokers (6163)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)

Keywords

• Mid-market M&A advisory
• Business valuation services
• Mergers and acquisitions
• Succession planning
• Growth capital raising

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. M&A Advisory Services: Advisory fees and success fees for mergers, acquisitions, and business sales transactions in the middle market. Services include business sales, buyer representation, and deal structuring.
2. Business Valuations: Expert business valuations as standalone exercises or as part of broader advisory packages, fundamental to decision-making for business owners considering selling or other transactions.
3. Debt Capital (Mandanex Finance): Mandanex Finance provides specialist debt funding solutions for clients seeking to acquire or refinance businesses, investment property, commercial property, assets and residential housing. Servicing the SME business sector through authorized credit representative relationship with Finsure, accessing over 40 lenders.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels9 records

Core offering

Mandanex Capital is a mid-market M&A advisory firm providing business sales, business valuations, deal structuring, succession planning, buyer representation, and international marketing services. The group also operates Mandanex Finance as a debt capital arm servicing SME clients with access to over 40 lenders. Services are delivered through offices across Australia, New Zealand, Indonesia, Singapore with representation in India and Germany.

Product overview

Mandanex Capital operates as a unified mid-market M&A advisory platform offering a comprehensive suite of services. The core offering consists of Business Valuations, Advisory, Buyer Representation, Deal Structuring, Succession Planning, International Marketing, and Business Sales. The group is organized around regional brand extensions including Nexus Business Sales (New Zealand), Nexus Bisnis Indonesia (Indonesia), and Mandanex Capital Singapore, all connected through the central Mandanex Capital brand. A related entity, Mandanex Finance (loan finance arm), provides debt capital solutions through its Finsure partnership with access to over 40 lenders. The ecosystem also includes an off-market opportunities service representing deals exceeding $500 million.

Differentiator

Problem solved

Functional benefit

Brands

• Mandanex Finance: Loan finance arm of Mandanex Capital, servicing the SME business sector. Provides investment and home loans, commercial and business loans, asset finance and leasing. Authorised credit representative of Finsure.

Products and services

• Business Valuations Expert business valuation services fundamental to decision-making for business owners considering selling, raising capital, or planning succession. Coupling technical ability with hands-on industry experience. For mid-market business owners, executives, and investors.
• Advisory Value-adding advisory services including financial review, preparation for sale, due diligence health check, business systems review, marketing and strategic positioning review, and advice on potential transaction structures. For mid-market business owners.
• Buyer Representation Professional guidance for business buyers through the business purchasing process, including acting as sole buyers representative for those seeking a business. For investors and acquirers of mid-market businesses.
• Deal Structuring Tailoring bespoke deals to suit each party to a transaction, requiring expertise and experience. Building blocks include analysis of business value, strategic direction of the market, understanding each party's optimal outcome, and using appropriate financial structures. For mid-market business owners and acquirers.
• Succession Planning Systematic process for business succession, whether passed within owner's family, transferred to employees, or finding a buyer or investor on the market. For mid-market business owners planning exit or transition.
• International Marketing Cross-border marketing services leveraging deep understanding of local environments in Australia, New Zealand, Indonesia, Singapore, India, and Germany to connect businesses with offshore growth opportunities. For mid-market business owners seeking international buyers or investors.
• Business Sales Business brokerage services connecting buyers and sellers in the mid-market, with current offerings including businesses for sale across Asia, Australia, and New Zealand, including both listed and off-market opportunities. For mid-market business owners and acquirers.
• Mandanex Finance Loan finance arm of Mandanex Capital, servicing the SME business sector with investment and home loans, commercial and business loans, and asset finance and leasing. For SMEs seeking acquisition or refinancing capital.
• Nexus Business Sales New Zealand-based business sales operation with brokers in all major centres from Auckland to Dunedin, Wanaka, and Invercargill, providing a platform for inbound or outbound investment with New Zealand. For mid-market business owners and investors.
• Nexus Bisnis Indonesia Indonesia operations with strong connections to resources, tourism, manufacturing, and property sectors, focused on mid-market opportunities with appeal to both domestic and foreign investors. For mid-market business owners and investors in Indonesia.
• Off-Market Opportunities Private off-market deal flow service representing mid-market deals and investment opportunities in excess of $500 million in value. For investors and acquirers seeking discreet transaction opportunities.

Quantifiable outcome

• Represents mid market deals exceeding $500 million in value
• +1 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered minor and core.

• BlueMount CapitalminorStrategic or Co-development Partner · 1 January 2023Richard Hemingway took on the role of CEO for BlueMount Capital in 2023, a leading mid-market investment bank based out of Sydney. This represents a strategic connection in the Australian investment banking space.
• IR GlobalcoreStrategic or Co-development Partner · 13 August 2019Mandanex Capital is IR Global's exclusive Business & Asset Valuations Member in Australia. IR Global is the world's largest exclusive network of advisory firms, represented in 155+ jurisdictions. This membership provides access to highest quality boutique and mid-sized firms serving the mid-market with partner-led, personal service and extensive cross border experience.
• Alliance of M&A Advisors (AMAA)coreStrategic or Co-development Partner · 1 August 2019Richard Hemingway is a director member of the Alliance of M&A Advisors. The Alliance is the premiere international organization serving educational and transactional support needs of middle market M&A professionals worldwide, with more than 1,100+ professionals. Members represent sellers and buyers of businesses ranging from $5 million to $500 million in transaction value.
• Cross Border Associates (CBA)coreStrategic or Co-development Partner · 1 August 2019CBA is a global alliance of M&A professionals helping to buy and sell privately owned companies. Network consists of M&A Advisers, Business Brokers, Consulting Professionals, Financial, Legal and Tax Advisers. CBA's Associates have closed more than 9,000 transactions successfully, totalling 160 billion euro in value, connecting with more than 30,000 investors and buyers worldwide.
• FinsurecoreChannel Partner/ Reseller/ Distributor · 1 January 2019Mandanex Finance is an authorised credit representative of Finsure, and through that relationship is able to access a comprehensive product range from over 40 lenders for debt capital solutions to SME clients.
• GC Advisory Group (USA)minorStrategic or Co-development PartnerProvides a full range of M&A advisory services to small and middle market businesses in various industries, including succession planning, business valuation, marketing and business brokerage, transaction structuring and financing, due diligence, contract negotiation, and buyer and seller representation.
• The Advisory Board CentreminorStrategic or Co-development PartnerA collaborative network of experienced Advisory Board professionals including Chairs, Advisors and Experts selected, certified and recognised for unique leadership capabilities. Founded to support and improve effectiveness of the global Advisory Board sector.
• ABSA Corporate AdvisoryminorStrategic or Co-development PartnerRichard Hemingway is associated with ABSA Corporate Advisory, expanding the network of professional advisory connections.

Scale indicators2 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Lincoln International: Global mid-market M&A advisory with deep Asia-Pacific presence - competing for larger mid-market cross-border mandates that Mandanex also targets, but at meaningfully greater scale and resources.
• Houlihan Lokey: One of the largest global mid-market M&A advisors - competing in larger mid-market segments across APAC and Europe where Mandanex also sources mandates through IR Global.
• BDO Australia (Corporate Finance): Australian accounting-led advisory with a corporate finance practice serving mid-market M&A and valuations - competes broadly with Mandanex as part of a wider professional services portfolio.

Direct peers

• KordaMentha: Australia/NZ-headquartered advisory firm offering corporate finance, restructuring, and investment services - competing for mid-market mandates with greater scale but regional concentration overlap.
• Pilot Partners: Australia-focused mid-market advisory with M&A, valuations, and succession planning - directly comparable service set and target client profile to Mandanex Capital.
• Corporate Finance Associates (CFA): Global mid-market M&A advisory network in 20+ countries - directly comparable mid-market deal size band, relationship-led GTM, and multi-jurisdictional referral model to Mandanex.
• Cross Border Associates (CBA): Global alliance of M&A professionals Mandanex is a member of - matching network-based model serving middle-market cross-border buy/sell mandates with shared referral economics.
• BlueMount Capital: Leading Australian mid-market investment bank; highly comparable as Richard Hemingway serves as CEO of BlueMount Capital while leading Mandanex, directly overlapping in clients, transaction size band, and service mix.
• Allegro Partners: Australian mid-market M&A and corporate advisory boutique - comparable in size, target deal band (often $5-100M), and service mix (valuations, sell-side, succession).
• Pitcher Partners (Corporate Finance): Australian mid-market advisory firm with M&A, valuation, and capital raising services - directly competing for the same SME/mid-market seller and valuation mandates in Australia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mandanexcapital
• YouTubeyoutube.com/channel/UCu5KPgZ0qVJoQM2WOA-ztiA
• Facebookfacebook.com/MandanexCapital
• LinkedInlinkedin.com/company/mandanex
• Instagraminstagram.com/mandanex_capital

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mandanex Capital