While eclipsed by the record-breaking performance of megadeals in 2015, Australian dealmaking remains firmly rooted in the mid-market. These deals – valued between AU$10m (US$7m) and AU$250m (US$173m) account for 73% of transactions in 2015.
In the face of market volatility this year, Australia is galvanising itself for a sea change towards a knowledge and service based economy characterised by innovation. Mid-market companies must recognise the cards they have been dealt, and prepare to play a winning hand, in order to stay ahead of the game.
In this exclusive report, Dealmakers: Mid-Market M&A in Australia 2016, Pitcher Partners, Australia’s leading mid-market professional services firm, in collaboration with M&A intelligence provider Mergermarket, explores the trends and challenges facing mid-market companies. The report delves into deal activity across sectors, delivering analysis and insights into the untold story of 73% of Australia’s M&A activity.
Key highlights from Dealmakers:
Mid-market volumes slipped by 19% compared to the prior year.
Deal activity was impacted by significant reductions in energy and mining together with a retreat in foreign capital and private equity.
While declining, M&A activity was concentrated in the leisure, energy, mining and utilities, business services, and consumer sectors.
While representing less than 10% of overall activity, agriculture and construction were the only sectors to report increased activity on 2014.
Insights from Pitcher Partners’ Michael Sonego, Simon Johnson, Warwick Face, Matthew Bowles and Andrew Faulkner on the benefits of pre-sale preparation and being sale ready in Australia’s mid-market.
Projections on hot sectors and deal drivers to watch for in 2016.