Processing timeline
29
days
Acquirer(s)
LGPE SEC S.C. Sp Luxembourg Company Registration Number: B281514, Crown Growth Opportunities IV SCSp-RAIF Luxembourg Company Registration Number: B254394, Harvard Private Capital Realty, Inc. EIN: 22-3138409, AIRTREE VENTURES FUND V FRANKLIN PARK TRUSCO PTY LTD atf Airtree Ventures Fund V Franklin Park Co-In ABN - 93 693 484 141, Crown Asia-Pacific Private Equity VI Alt S.C.Sp. Luxembourg Company Registration Number: B289917, Airtree Ventures Co-Investment Nominee Pty Ltd ACN - 686 585 277, Crown Asia-Pacific Private Equity V Master SCSp Luxembourg Company Registration Number: B246151, AirTree Ventures Opportunity Fund 2019 Trusco Pty Ltd atf the Australia Retirement Trust Co-Investme ACN - 633 454 467
Target(s) or Vendor(s)
ADVANCED NAVIGATION PTY. LTD. ABN - 49 156 101 549
Other parties
Franklin Park Venture Capital Opportunity Fund II, L.P. EIN 33-3134437, Australian Retirement Trust Pty Ltd as trustee for Australian Retirement Trust ABN - 60 905 115 063
Airtree Ventures Opportunity Fund V Partnership, National Reconstruction Fund Corporation, Australian Retirement Trust, and other investors are acquiring shares in Advanced Navigation Pty. Ltd. This share acquisition, via a sale and subscription deed, targets a company manufacturing AI-powered navigation solutions for defence primes.
On 5 March 2026, Advanced Navigation Pty. Ltd ( AdNav ), several existing shareholders of AdNav, and several new investors, entered into a sale and subscription deed ( SSD ). Under the SSD, Airtree Ventures Opportunity Fund V Partnership and its affiliates, National Reconstruction Fund Corporation, Australian Retirement Trust, Franklin Park Venture Capital Opportunity Fund II, L.P., LGPE SEC S.C.Sp, Crown Growth Opportunities IV SCSp-RAIF, Crown Asia-Pacific Private Equity V Master SCSp, Crown Asia-Pacific Private Equity VI Alt S.C.Sp., and Harvard Private Capital Realty Inc (collectively, the New Investors ) along with a variety of other investors will directly or indirectly (through a separate nominee vehicle or trust) acquire shares of AdNav and enter into a shareholders agreement (the Acquisition ). AdNav develops, manufacturers and offers AI powered navigation solutions, primarily for defence primes.