Alceon Private Equity’s IT services business EFEX has been accused of breaching a payout agreement with the founder and former executive of Adelaide technology start-up Logic Plus.
EFEX, which was founded in 2013 and is 50-50 owned by Alceon and its founder Nick Sheehan, has rolled up five IT services businesses and recently appointed MA Financial’s advisory arm MA Moelis to explore a potential sale. Alceon’s private equity arm is run by Zac Midalia and David Wilshire.
Loading...
Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
