APAC MID-MARKET M&A REPORT FY24 Benjamin Yeo 6 August 2024 Share Small transactions drive increased deal volumes as PE holding periods slide amid valuations gap. As we enter the 2025 financial year, Moore Australia takes the opportunity to review the mid-market M&A activity for FY24. Highlights of the report include: Consistent with the previous two FY’s, deal volumes have increased significantly on long term trends, driven by improved deal reporting and industry consolidation amongst small businesses. Financial buyers are feeling the pinch of stubborn interest rates and macro uncertainty, which has meant they’re waiting for valuation gaps to drop so they can meet IRR hurdles. Empirical data shows countries with higher interest rates like Australia saw more decline in deals (12%) than countries with low rates like Japan (3%). The IT sector had the most M&A activity despite its share of total volume decreasing for the second consecutive year. APAC M&A Report FY24 Key Contacts Benjamin Yeo Director, Moore Australia (VIC/TAS), Chair of the Moore Australia Corporate Finance Committee View Profile and Contact Anthony Hayley Partner, Moore Australia (QLD/NNSW) View Profile and Contact Grant Miles Managing Partner, Moore Australia (SA/NT) View Profile and Contact Peter Gray Director, Moore Australia (WA) View Profile and Contact Related News Being ‘sale-ready’ offers more than just a sound exit plan APAC Mid-Market Mergers and Acquisition Report | Q3 2024 APAC Mid-Market Mergers and Acquisitions report | Q1 2024