PRIVATE INVESTMENT & OPERATING COMPANYMELBOURNE, AUSTRALIA

Investing in businesses.
Supporting them to grow.

Arnac is a private investment and operating company based in Melbourne, Australia.

We own and invest in established operating businesses (Rev. A$150m+ ), provide shared capabilities to support their growth, organically and through acquisition and invest in emerging companies.

In addition, we invest in high growth, qualifying companies through an ESVCLP fund - Co:Act, which was founded to assist Australian start-up founders with the capital, network and experience of a group of investors who are familiar with operating their own business.

Our approach is informed by direct experience. We understand businesses as owners and operators, not simply as investors.

EXPLORE ARNAC ESTABLISHED IN EXPERIENCE. FOCUSED ON WHAT'S NEXT.
01WHAT WE DO

Two ways of building
lasting value.

Arnac operates across two complementary areas.

01 / OWN & OPERATE

Operating
Businesses

Acquire, own, and support

We invest in established businesses with strong market positions, enduring customer propositions, and opportunities for long-term growth.

We take an active ownership approach, working alongside management while providing access to shared capabilities across finance, technology, people, property, and administration.

THE OUTCOME

This allows our operating businesses to retain their individual identities and entrepreneurial cultures while benefiting from the resources and experience of a broader group.

02 / INVEST

Investments

Independent & venture capital through Co:Act

Arnac also invests in businesses outside its directly operated portfolio, made independently and through Co:Act, the Australian venture capital firm founded with other likeminded investors.

OUR PERSPECTIVE

Direct ownership and operational experience provide a grounded viewpoint when backing founders and management teams—understanding the real challenges of organisation-building, capital allocation, and sustainable growth.

02HOW WE WORK

Capital with
operating capability.

Arnac's approach has developed through decades of owning, investing in, and operating Australian businesses. For businesses within the group, Arnac provides a shared support structure across four key domains:

Finance & Treasury

Financial management, treasury, reporting, accounts payable and receivable, payroll, taxation, compliance, and risk management.

Technology

IT infrastructure, systems, communications, network management, and technology administration.

People & Organisation

Recruitment, human resources, organisational development, training, policies, and employee relations.

Property & Commercial

Property and lease administration, contract management, legal coordination, maintenance, and commercial support.

This shared infrastructure allows management teams to concentrate on customers, people, and growth while providing the capabilities required to operate effectively at greater scale — allowing Arnac to act as an experienced trade and operating partner, not simply a financial investor.

03PORTFOLIO & INVESTMENTS

Businesses with
something to build on.

Arnac's experience spans specialty retail, consumer businesses, tourism, and venture capital.

01 / PORTFOLIO

Co:Act

Venture Capital · Co-founded by James Blythe

An Australian venture capital partnership uniting experienced venture investors, founders, and family offices to back technology and innovation-led companies.

ARNAC'S ROLE

Direct co-investment alongside venture expertise.

02 / PORTFOLIO

Minimax

Premium Homewares Retail · Founded Melbourne, 1967

An established Australian specialty retailer of premium homewares, cookware, tableware, and lifestyle products, grown from a single store into a multi-state retail and e-commerce business.

ARNAC'S ROLE

Delivering the capital, infrastructure, and operating support for continued expansion, whilst enabling the operating teams to focus on preserving the curation, the omni-channel customer relationships, supplier relationships and culture of a family-owned retailer.

03 / PORTFOLIO

Ted’s Cameras

Specialty Photographic Retail · 60+ Years of Heritage

One of Australia's best-known specialist photographic retailers, serving enthusiasts and professionals across physical retail and digital commerce.

ARNAC'S ROLE

Delivering the capital, infrastructure, and operating support for continued expansion, whilst enabling the operating teams to focus on preserving the curation, the omni-channel customer relationships, supplier relationships and culture of a family-owned retailer.

04 / PORTFOLIO

Ashcombe Maze & Lavender Gardens

Tourism & Experiences · Mornington Peninsula, Victoria

An iconic leisure destination centred around its historic hedge maze, gardens, and visitor experience.

ARNAC'S ROLE

Extending group operating capabilities into destination- and experience-led consumer businesses.

04INVESTMENT PERSPECTIVE

Capital alone rarely
creates great businesses.

We look for strong underlying economics, differentiated market positions, and teams with the ambition to build something enduring.

WHAT WE VALUE
Strong management teams and constructive cultures
Proven or clearly differentiated business models
Sustainable competitive positions in attractive long-term markets
Disciplined capital allocation & sustainable cash flows
Opportunities where Arnac’s operating infrastructure adds value beyond capital
THE LONG VIEW

Our investment horizon is flexible. We invest our own capital and are able to take a true long-term perspective across established businesses, transitions, and emerging companies.

05PARTNERSHIPS

A local partner with
an owner's perspective.

Arnac welcomes the opportunity to work with business owners, management teams, investors.

We can participate as owner, investor, operating partner, or joint venture partner, favouring straightforward relationships, aligned incentives, and a long-term approach.

06CONTACT

Conversations.

We welcome conversations with business owners, founders, investors, and organisations exploring opportunities in Australia.

MELBOURNE, AUSTRALIA