Nearly $24 billion worth of Aussie M&A deals were announced between Monday and Thursday evening – the highest since Newmont’s $24.4 billion bid for Newcrest last year.
A monster week for Australian M&A deals has put a spring in bankers’ steps from Martin Place to Governor Phillip Tower.a Street Talk report that it was considering a takeover of Rightmove, the United Kingdom’s largest property platform, in a deal that could be worth more than $9 billion.announced it had sold its US packaging business to a private equity-backed group Veritiv, fetching a $1.78 billion price tag.
Data from Dealogic reveals just how big a week it has been. AirTrunk alone tops $US16.1 billion . The last time this happened was in when Newmont lobbed a $24.4 billion takeover offer for Newcrest Mining in February 2023.It’s worth noting this data excludes both the REA and Orora deals because the former is too preliminary and the latter is a divestiture. If divestitures are included, M&A volume rises to $US17.
UBS is also in a good spot with roles advising Orora, Alcoa and APM Human Services but missed out on AirTrunk glory, advising the losing IFM-DigitalBridge-GIP consortium alongside Barrenjoey and JPMorgan.
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