Dealmakers return from Christmas holidays with hot appetite for M&A, withstanding the potential flow-on effects of the Russia-Ukraine war.
Moore Australia is
pleased to publish the Financial Year (FY) 2022, Q3 review of APAC
Mid-Market Mergers and Acquisitions. Moore Australia is a network
of five independent accounting and business advisory firms with 14
offices across Australia, and an independent member of the Moore
Global Network.
Highlights of the report include:
- APAC deal-makers returned from Christmas break with a hot appetite for M&A, withstanding the potential flow-on effects of the Russia-Ukraine war.
- 134 deals published in Q3 in the AU and NZ mid-market M&A sector- down from 153 in Q2. (Seasonal decrease)
- Australian activity makes up around 10% of mid-market M&A .
- Top-3 performing sectors were IT, Medical and Financial Services.
Benjamin
Yeo, Chairman of the Moore
Australia National Corporate Finance Committee
stated: "Despite many major impacts on the
market, such as the Russia-Ukraine war and various COVID variants,
there is a notable positive energy in the market. As Australia
reopens to the world and lifts restrictions, we expect this
confidence to grow, bolstering these results further.
"The delay in Australia's M&A activity has now
ceased thanks to the borders to re-opening, the Foreign Investment
Review Board (FIRB) restrictions removed and overall market
confidence increasing as seen by the Consumer Price Index (CPI)
rising 2.1 per cent in the March 2022 quarter (5.1 per cent
annually) - this continues momentum and leads to a surge in
activity to be forecasted in the final quarter of the
financial year."