During the second quarter of FY2024 ended 31 December 2023, there was a decline in the number of transactions completed in Australia compared to Q2 FY2023, while the average deal value has increased significantly.

Based on the published transaction data for Q2 FY2024, 206 deals successfully closed compared to 343 in Q2 FY2023, a decrease of 40%. However, the average deal size increased from $75.24 million in Q2 FY2023 to $141.87 million in Q2 FY2024 as a result of an increase in the share of the total number of transactions in the $100 million and above.

The focus of our analysis in this update is on mid-market transactions, and we have excluded transactions with a gross transaction value greater than $5 billion.

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