Financial Review: Advent buys stake in Alceon’s IT services business Efex

Australian Financial Review
12 October 2025
Sarah Thompson, Kanika Sood & Emma Rapaport

Advent Partners has agreed to acquire a majority stake in IT managed services group Efex from Alceon Private Equity, following several years of strong national expansion and seven bolt‑on acquisitions. The deal, valuing Efex at an estimated $100–$200 million, delivers a solid return on Alceon’s 2021 investment and sees founder Nick Sheehan remain as CEO and shareholder. Efex now operates across 22 locations, serving 7500 clients with IT support, cybersecurity, data management and network services.

Read the full article on the Australian Financial Review.