CVC Capital: agreement signed to take control of Australian Ambrose Construct Group
CVC Capital Partners Asia VI is set to take control of Ambrose Construct Group, an Australian provider of repair and disaster restoration services on behalf of insurers. The sellers include CPE Capital as well as the founders, Brett and Melissa Ambrose, who will remain invested in the company.
Majority stake ceded by CPE Capital and the founders
CVC Capital Partners announced on September 3, 2026 the signing of an agreement for the acquisition of a majority stake in Ambrose Construct Group (ACG). The transaction is being conducted by CVC Capital Partners Asia VI, a private equity fund managed by the group. ACG is presented as a national provider of repair and disaster restoration services in Australia, a sector linked to insurance activity. The company highlights technological capabilities and workflow management tools designed for insurers and their policyholders. The selling shareholders include CPE Capital (CPEC) as well as founders Brett and Melissa Ambrose. According to the statement, the latter and the management team will remain invested in the company and will continue to drive its development. Anthony McLean, Chief Executive Officer of ACG, indicated that the investment should help the company strengthen its service delivery to its stakeholders, with priority given to customer-oriented technology, process innovation and service specialization. He added that CVC brings access to growth capital and experience on an international scale.
Completion expected in early 2027, subject to regulatory conditions
The acquisition is expected to be completed by early 2027, subject to customary regulatory approvals. At this stage, the agreement is signed but the transaction has not yet been completed. Richard Blackburn, CVC's head of operations in Australia, stated that he has followed ACG's growth in recent years, growth which he attributes to its technology platform, its management and its corporate culture. He indicated that CVC intends to support the company's future development alongside Anthony McLean and his team. This transaction is part of a series of recent announcements from various CVC entities. On the same date of September 3, 2026, the manager announced the final close of the sixth generation of its global secondary fund, at 10 billion dollars. In late August 2026, CVC Asia VI had also reached an agreement to acquire approximately 9% of Silicon2, a Korean beauty product distributor, as part of a transaction valuing the company at approximately 2.1 billion dollars.
