During the initial quarter of fiscal year 2024, there was a notable downturn in both the average M&A deal value and the total number of transactions observed within the Australian market compared to Q1 FY2023.

According to the disclosed transactions for Q1 FY2024, 211 deals successfully closed compared to 322 transactions during Q1 FY2023, reflecting a 34% decline. The average deal size also declined from $121 million in Q1 FY2023 to $107 million in Q1 FY2024. This shift can be linked to a reduction in the number of transactions in the $75 million and above threshold.

The focus of our analysis is on mid-market transactions, as such we have excluded from our analysis transactions with a gross transaction value greater than $5 billion.

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