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Dealmakers: Mid-market M&A in Australia 2017

Dealmakers: Mid-market M&A in Australia 2017

16 March 2017

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Mergermarket is pleased to present Dealmakers: Mid-market M&A in Australia 2017, published in association with Pitcher Partners.

Total Australian M&A activity in 2016 closed 12% higher on the prior year, due mainly to a flurry of activity in the last quarter, despite global trends which saw a decline in deal activity of 4%.

The nation’s mid-market saw a decline of 17%, with a strong finish towards the end of the year providing solid activity pipelines into 2017.

This upswing in mid-market activity experienced in the last quarter of 2016 is expected to continue well into 2017. Current run-rates suggest deal volumes for the first half could be up by 30%-40% on 2016.

 Key findings:

  • Top target sector: Leisure was the top mid-market target sector in the country for 2016, contributing to 17% of total mid-market deal volumes.
  • Top target state: New South Wales continued to be the top target state for the country’s mid-market M&A in 2016, contributing to 33% of total mid-market volume with 109 deals worth AU$5.7bn, though this proportion has shrunk from 37% for volume in 2015
  • Cross-border deal flows: Inbound M&A occupied 35% of Australian mid-market deals in 2016, up from 33% in 2015, with the top bidder countries being the United States, China and the United Kingdom. Australia’s top target geographies for outbound mid-market M&A in 2016 were the United States, New Zealand and China, with acquirers being most interested in the TMT sector
  • Industries to watch: Healthcare and fintech, spurred into action by optimism and consumer confidence inspired by low interest rates and cheap and readily available debt.

To find out more about our thought leadership reports, please contact Naveet.McMahon@mergermarket.com; +852 2158 9750