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Welcome to THE REAL DEAL 2015 Half-year Update - in which we take a close look at Australian public M&A activity over the first half of 2015 - based on our detailed survey of deals during the period.

The good news is that there has been a promising start to 2015.  We just hope that the recent signs of troubles in the Chinese economy, our biggest trading partner, don't rattle the growing confidence that we are starting to see emerge in the Australian M&A market.

 

While only 12 public M&A deals were announced in 1H15, the average value of those deals was significantly higher (A$1.89 billion) than what we have seen over any half year period since the GFC, driven mainly by the A$7.8 billion Federation/Novion merger and the A$6.8 billion cash bid from Japan Post for Toll Holdings, on which Clayton Utz acted. 

 

The total value of public M&A deals announced in the first half of 2015 at A$22.6 billion is also greater than the total value of deals announced in any year since 2010.

 

And while the number of deals is relatively low, this is consistent with previous years, where we have seen a stronger second half to the year than the first.

 

 

Click below to see our analysis of the activity we saw this year