Opportunistic bargain hunting is on the rise for mid-market M&A, with another strong quarter.
Moore Australia is pleased to publish the Financial Year (FY) 2023, Q1 review of APAC Mid-Market Mergers and Acquisitions.
Highlights of the report include:
- Continued strong performance in deal activity in the region, particularly for businesses with solid cash flow and profitability
- 184 deals published in Q1 in the AU and NZ mid-market M&A sector– up from 152 in Q4, and the highest since Q1 FY22.
- Average deal value across Australian and New Zealand is down by $3M to $47M, but generally in line with recent history
- IT continues to be the top performing sector despite negative external factors, with Services and Medical sectors close behind.
- Australia, Japan and India were the top 3 countries in the region, with a 35% increase in volume in Australian deals.