CVC Capital Partners – Ambrose Construct Group

WA-15045

CVC Capital Partners plc together with its affiliates and subsidiaries (**CVC**) proposes to acquire, through a special purpose vehicle, the entire issued shares of the holding company which indirectly controls Ambrose Construct Group (**ACG**). CVC is a global alternative investment manager focused on private equity, credit, infrastructure and secondaries, and includes CVC plc, each of its subsidiaries from time to time, and the CVC Funds (defined below). CVC plc is listed on the Amsterdam Stock Exchange. CVC plc indirectly, through certain of its subsidiaries from time to time, provides investment advice to and/or manages investments on behalf of certain funds and investment vehicles (the **CVC Funds**). CVC holds interests in a number of companies active in a variety of industries around the world, including in financial services, chemicals, utilities, manufacturing, retailing and distribution, in Europe, the US and the Asia-Pacific region. ACG supplies insurance repairs and restoration services for insured property pursuant to insurance claims. ACG’s services include business-as-usual repairs, escape of liquids specialist repairs, catastrophe event response, emergency ‘makesafe’ services, and property and contents restoration. ACG is comprised of the following brands: Ambrose Construct, Construct Services, Xtreme Clean, FEN Australia, Nexus Project Group, Major Loss Builder, and Abril Building Solutions and Restorations. ACG is predominantly owned by funds managed or advised by CPE Capital, an Australian private capital manager and entities associated with Brett and Melissa Ambrose (the founders of ACG).

Status

Assessment completed

Determination

Approved

Stage

Waiver application

Notified

11 September 2026

Acquirers

  • AVOCA AUS BIDCO PTY LTD

Targets

  • INSURANCE BUILDING AUSTRALIA HOLDINGS PTY LTD