Sep 3, 2026 – 5.08pmCVC Capital Partners has come calling for Queensland-founded insurance repair business Ambrose Construct Group, in what marks the private equity giant’s second bilateral deal Australia over the past year.The $343 billion PE player, led locally by Richard Blackburn, has agreed terms to acquire a controlling stake in Ambrose via its $US6.8 billion ($9.5 billion) sixth Asia Fund.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
PE giant CVC buys controlling stake in $700m Ambrose Construct Group
The deal valued Ambrose at about $700 million or 11-times EBITDA on a 100 per cent basis, sources told Street Talk on the condition of anonymity.
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