Firm at a glance
Mercury Capital is a private equity firm operating in Australia and New Zealand, per its website [S1].
What they buy
Mercury Capital’s publicly disclosed portfolio spans professional services, education, healthcare, and specialty retail sectors [S1]. The firm appears to pursue platform investments across service-oriented businesses, with recent activity concentrated in wealth management, financial services, and education providers. Portfolio companies include businesses serving both consumer and B2B markets, ranging from liquor retail to mental health services.
Portfolio
Financial and Professional Services
Mercury Capital holds Forsyth Barr, a wealth management and financial services platform acquired in September 2025 [S1]. Findex, a wealth management and professional services business, joined the portfolio in April 2024 [S1].
Education
The firm’s education investments include JMC, a higher education platform acquired in October 2024 [S1], and Matrix Education, an education services provider acquired in February 2023 [S1].
Engineering and Consulting
Fyfe, an engineering and environmental consulting platform, was acquired in April 2024 [S1].
Healthcare
Avive Health, a mental health services provider, entered the portfolio in January 2023 [S1].
Retail
Paramount, a liquor wholesale and retail business, was acquired in December 2025 [S1].
Recent activity (last 24 months)
– **December 2025**: Acquired Paramount, a liquor wholesale and retail business [S1]
– **September 2025**: Acquired Forsyth Barr, a wealth management and financial services firm [S1]
– **October 2024**: Acquired JMC, a higher education provider [S1]
– **April 2024**: Acquired Findex, a wealth management and professional services business [S1]
– **April 2024**: Acquired Fyfe, an engineering and environmental consulting firm [S1]
How this firm fits a seller
Mercury Capital demonstrates consistent acquisition activity, completing five platform transactions in the trailing 24 months per public sources [S1]. The firm’s portfolio pattern suggests interest in established service businesses with recurring revenue characteristics, particularly in professional services and education. Sellers in wealth management, education services, or professional consulting sectors may find sector alignment with Mercury Capital’s observed investment focus. The absence of disclosed add-on acquisitions in the trailing 12 months suggests the firm may prioritize building new platforms over immediate bolt-on consolidation, though this reflects only publicly available transaction data.
Sources
[S1] https://mercurycapital.com.au (accessed 2025-12-20)
Frequently asked questions
Does Mercury Capital buy wealth management businesses?
Yes, Mercury Capital has demonstrated active interest in wealth management and financial services. The firm acquired Forsyth Barr in September 2025 and Findex in April 2024, both operating in wealth management and professional services sectors [S1].
What companies has Mercury Capital acquired recently?
Mercury Capital’s most recent acquisitions include Paramount (liquor wholesale and retail, December 2025), Forsyth Barr (wealth management, September 2025), and JMC (higher education, October 2024) [S1]. The firm completed five platform acquisitions between April 2024 and December 2025 per public sources.
Where is Mercury Capital based and how big is the firm?
Mercury Capital operates in Australia and New Zealand, per its website [S1]. Fund size, assets under management, and specific office locations were not disclosed in publicly available sources reviewed as of December 2025.
Is Mercury Capital still actively acquiring?
Yes, Mercury Capital appears to be actively acquiring businesses. The firm completed its most recent disclosed transaction in December 2025 with the acquisition of Paramount, and has completed five platform acquisitions in the trailing 24 months [S1].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.