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Australian M&A Market Showcase of Aussie Resilience

APAC Mid-Market Mergers and Acquisitions report | FY 2023

Moore Australia

Moore Australia is pleased to publish their Financial Year (FY) 2023 review of APAC Mid-Market Mergers and Acquisitions. 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:
  • The Australian M&A market has once again shown its resilience to a wide array of economic pressures.
  • 1 100 deals published in FY23 in the AU and NZ mid-market M&A sector– down from 1 183 in FY22.
  • Deal value across Australian and New Zealand is down by $4M to an average of $34M.
  • Top-3 performing sectors were IT, Services and Financial Services, with consolidations in the Services industry identified as a key trend.
The average deal size in the APAC region has decreased from $33m in FY22 to $26m in FY23, as dealmakers and their clients are being forced to consider valuations more carefully in light of increased funding costs.
 
Benjamin Yeo, Chair of the Moore Australia national Corporate Finance Committee stated: “The M&A markets both in Australia and the APAC region have shown continued resilience to economic volatility.
This volatility, driven by high inflation, interest rates and cost of living pressures, have put local M&A into a nervous holding pattern, highlighted by an unusually quiet end to the financial year.”
 
“Many profitable businesses with strong balance sheets are also seeking bargain deals as companies prepare to offload poorer performing assets to ease inflationary pressures and solvency concerns.”

At Moore Australia, we partner with you to provide clarity, guidance and hands-on support at all stages of complex business transactions. Find out how our corporate finance teams around the country can help you. 
 
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