Dealmakers

Australian mid-market M&A

The Australian mid-market broke through the 300-deal barrier in 2025, driven by mining dominance and record cross-border investment. 

Deal values climbed 14.4% to nearly $21 billion across 307 transactions as soaring commodity prices and unprecedented international interest transformed the landscape.

Mining’s resurgence reflects broader confidence in Australia’s stable market environment. Energy, mining and utilities deals surged more than 60% to $4.6 billion, fuelled by gold prices surpassing US$4,500 per ounce and record copper prices. 

International buyers completed 113 mid-market transactions worth more than $9.3 billion – almost 50% higher than the previous year. Cross-border investors expanded beyond traditional mining and technology targets into real estate and transport, attracted by Australia’s safe-haven appeal amid global uncertainty. 

Download the key 2025 stats here.