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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.

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