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APAC MID-MARKET MERGERS & ACQUISITIONS REPORT FOR Q3 OF 2022 FINANCIAL YEAR

APAC MID-MARKET MERGERS & ACQUISITIONS REPORT FOR Q3 OF 2022 FINANCIAL YEAR

Moore Australia media team

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.”