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APAC MID-MARKET M&A REPORT | Q2 FY24

APAC MID-MARKET MERGERS AND ACQUISITIONS REPORT | Q2 2024

Benjamin Yeo

Moore Australia is a network of independent accounting, audit and advisory firms across Australia, and an independent member of the Moore Global Network, the 11th largest professional services network, globally.

Highlights of the report include:
  • Mid-market M&A activity in APAC saw a 31% increase in deal volumes in Q2 FY24 compared to a slow Q1, with Australia & New Zealand (A&NZ) leading the rebound with a 39% increase in deals
  • IT, Services, and Financial Services continued to be the most popular sectors for dealmakers in A&NZ and APAC, with IT accounting for 27% of total deals
  • There was significant growth in A&NZ mid-market transaction volumes, reaching a 12-month high of 293 deals in Q2 FY24, with Services emerging as the most active sector
  • Japan led M&A activity in APAC with 735 deals announced, followed by India and A&NZ.
  • A&NZ increased its foothold on global M&A to 11%, while APAC's share rose from 38% to 47% with a positive outlook for most economies in the region 
  • EBITDA multiples fell by 19% across APAC, with IT sector valuations dropping by 18% from Q1 as the AI hype for technologybbusiness subdues 
  • Moore Australia provided lead advisory services for Wild Rhino's sale to The Shoe Group, enhancing shareholder value in the footwear sector. Click here to read the case study.  
APACcorporate financeM&AVICVIC/TAS