Private investment group
Specialist advisory, investment, and capital solutions firm founded by former Babcock & Brown executives in 2010. Acquired Noni B in 2014.
|Alceon Group Pty Ltd||AUS||website|
|Alceon Group Pty Ltd|
This company was involved in a landmark court case heard in the NSW Supreme Court in 2015. Alceon agreed to lend $23 million to property development entity Quadwest, which was in desperate need of funds to pay significant creditors and ensure completion of a large residential project in Perth. One of the conditions of the loan was that the developer's elderly parents would need to give up their family home if Quadvest defaulted on the loan, which it did. The court found that this condition of the loan was "unconscionable", and the family home was saved.
[Source 2015][More on Finance]
This company was founded by Phil Green and Trevor Loewensohn, two of the men behind Babcock & Brown, Australia's biggest corporate failure. This Crikey article reveals details of how Green retained a number of valuable assets and millions in cash, while the company he was running collapsed.
|Company Structure||Private company|
|Subsidiaries||Noni B Ltd (76% owned)
- Pretty Girl Fashion Group Pty Ltd
|Address||Level 16, 20 Hunter St, Sydney, NSW, 2000, Australia|
|Phone||02 8023 4000|
|Fax||02 8023 4001|
Products / BrandsNoni B (76% owned)