| Title | aquisition |
| Start Date | 2024-07-00 |
| Is Current | yes |
| Percent Stake | 70% |
| Notes | Sydney-based Alceon is a PE forerunner in the defence space, having acquired specialist engineering firm Eptec in 2017 and sold it to Next Capital in 2020. This July, Alceon announced the acquisition of a 70% stake in heavy navy shipbuilder Shadbolt Group for an undisclosed sum. |