Advent Partners completed the acquisition of a majority stake in efex from Alceon.

Advent Partners, an Australian private equity firm, completed the acquisition of a majority stake in efex, a company that provides a full range of IT managed services, from Alceon, a private equity firm. Financial terms were not disclosed. “I am pleased to announce this next step for efex, an exciting opportunity for the business and a signal of more good things to come for the thousands of customers we service across Australia. Our team has created industry-leading solutions for our clients and a great home for other businesses looking to consolidate as the next step in their future,” Nick Sheehan, Efex Founder and CEO.