M&A in the mid-market remains active however the buyers have become more selective given the higher cost of capital and geopolitical headwinds. Australia continues to remain an attractive geography for overseas investors, especially now that the Australian dollar sits below US70c and valuations are stabilizing as central banks slow their monetary tightening. The overall outlook for FY24 is cautiously optimistic with our current market intelligence indicating there should be an increase in mid-market deal announcements over the next 6 months.
In this report, you will get an analysis of the Australian and New Zealand market including the latest metrics and multiples.