Airtree and ors (additional minority co-investors) - Advanced Navigation
On 5 March 2026, Advanced Navigation Pty. Ltd (**AdNav**), several existing shareholders of AdNav, and several new investors, entered into a sale and subscription deed (**SSD**). Under the SSD, Airtree Ventures Opportunity Fund V Partnership and its affiliates, National Reconstruction Fund Corporation, Australian Retirement Trust, Franklin Park Venture Capital Opportunity Fund II, L.P., LGPE SEC S.C.Sp, Crown Growth Opportunities IV SCSp-RAIF, Crown Asia-Pacific Private Equity V Master SCSp, Crown Asia-Pacific Private Equity VI Alt S.C.Sp., and Harvard Private Capital Realty Inc (collectively, the **New Investors**) along with a variety of other investors will directly or indirectly (through a separate nominee vehicle or trust) acquire shares of AdNav and enter into a shareholders agreement (the **Acquisition**). AdNav develops, manufacturers and offers AI powered navigation solutions, primarily for defence primes.
- Status
- Assessment completed
- ACCC determination
- Approved
- Stage
- Waiver application
- Notified
- 2 April 2026
- Determination published
- 1 May 2026
Acquirers
- LGPE SEC S.C. Sp
- Crown Growth Opportunities IV SCSp-RAIF
- Harvard Private Capital Realty, Inc.
- AIRTREE VENTURES FUND V FRANKLIN PARK TRUSCO PTY LTD atf Airtree Ventures Fund V Franklin Park Co-In
- Crown Asia-Pacific Private Equity VI Alt S.C.Sp.
- Airtree Ventures Co-Investment Nominee Pty Ltd
- Crown Asia-Pacific Private Equity V Master SCSp
- AirTree Ventures Opportunity Fund 2019 Trusco Pty Ltd atf the Australia Retirement Trust Co-Investme
Targets
- ADVANCED NAVIGATION PTY. LTD.