Alceon Group agreed to acquire a 70% stake in Shadbolt Group.

Alceon Group, a private equity firm, agreed to acquire a 70% stake in Shadbolt Group, a company that offers a diverse range of engineering and manufacturing solutions. Financial terms were not disclosed. “This transaction is illustrative of the very reason I have partnered with Alceon PE. We have an industry of national importance, supported by considerable and increasing government spend, and yet the access to private capital is extremely limited,” David Wilshire, Alceon Group Co-head.