Financial Review: Alceon PE secures 70pc stake in defence contractor Shadbolt
31 July 2024
Australian Financial Review
31 July 2024
Sarah Thompson, Kanika Sood & Emma Rapaport
Alceon Private Equity has acquired a 70% stake in defence engineering group Shadbolt, a long‑standing supplier to every major Australian naval shipbuild since 1993. The investment positions Alceon to back Shadbolt in a growing $1‑billion‑plus defence and resources market, supported by strong government spend and rising demand for local manufacturing capability. Founder Warren Shadbolt will remain involved at board level, with defence adviser Mark Stevens appointed chair as Alceon continues to scale its portfolio of founder‑led, high‑growth businesses.