PITCHER PARTNERS BRISBANE 1 SEPTEMBER 2022:
Queensland deal volumes are continuing on a positive trajectory in the first half of 2022. Increased inflation and rising interest rates, coming after the past two years of COVID affected numbers, have not slowed M&A activity and volumes are on track for a year on-par with long-term averages.
Pitcher Partners’ H1, 2022, Queensland Deal Pulse report saw 128 M&A deals:
- Disclosed values of $4.6bn.
- Private Equity deals are heading for a record year proving the market is buoyant.
Key facts and figures:
- Business Services saw an 100% increase on deals in H1, 2022 (16 deals) compared with H1, 2021 (8 deals). The largest Business Services deal value was approx. $617m.
- Most active sector continues to be Technology, Media and Telecommunications with 25 deals in H1, 2022.
- Construction sector deals doubled to 8 deals in H1, 2022 from 4 deals in H1, 2021 with the disclosed value of the largest deal being approx. $58m.
Commentary including Outlook:
Warwick Face, Partner in Charge – Corporate Finance, Pitcher Partners Brisbane says:
“2022 has so far seen a federal election, rising interest rates and increased inflation. All this coupled with some steady COVID-19 caution, could have stalled M&A activity. Deal volumes in the 6 months to June however are Refreshingly Positive, across a number of sectors despite these headwinds.
The outlook for the full 2022 year is tracking towards the top quartile of long-term averages, with strong signs particularly in Business Services which is driving volumes.”
For a copy of the report or for further comment, please contact:
Warwick Face, Partner in Charge – Corporate Finance, Pitcher Partners Brisbane