M&A ANNUAL REPORT A review of Australian M&A activity in FY2025
Our FY2025 M&A Annual Report is here, your essential guide to understanding the pulse of Australia’s transaction market. Discover the deals, decode the trends and define your next move.
Australia’s M&A Landscape
Whether you’re a business owner planning your next move, an investor scanning for opportunity or an adviser guiding clients through change, this report delivers the insights that matter. From deal trends to sector shifts, it’s your shortcut to understanding where the market’s heading and how to act with confidence.
Key highlights
- Deal volume dipped to 951, but the average deal size climbed to $148 million
- Global interest in Australian companies remains strong, with international buyers paying a 17% premium on average
- Private equity activity has significantly declined, dropping from 67% to just 12% of total deal volume
- Signs of market recovery are emerging, including stabilising inflation, anticipated rate cuts, and a resurgence in succession-driven deals.
Australia’s M&A Landscape: FY2025 Annual Report
Get your copy now and explore the insights shaping Australia’s dealmaking future
Download the reportWhat’s inside
- Deal volume and valuation trends: see how FY2025 compares to previous years
- Sector spotlights: which industries are heating up and which are cooling off
- SME activity: a closer look at transactions in the private and family business space
- Key deals our Sydney team supported and what they reveal about market momentum
- What’s next for M&A in Australia?
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About the M&A Annual Report
HLB Mann Judd Sydney’s annual M&A Report analyses deal volume, pricing and industry activity for the past financial year. The report particularly focuses on Australian deal activity in the small to medium-sized (SME) space. In addition to the analysis, the annual M&A Report shares insights from recent transactions that the firm has supported.
Data in the report is sourced from S&P Capital IQ and publicly available records.
About HLB Mann Judd Sydney
HLB Mann Judd Sydney is a leading, award-winning advisory and chartered accounting firm that blends deep expertise with a genuinely personal approach. With more than 35 Partners and Directors and over 220 staff, the Sydney office offers a full suite of services, from audit, tax and accounting to business advisory and wealth management.
Whether you’re a corporate, private or family business, or an individual, HLB Mann Judd Sydney is committed to helping you grow with practical advice, partner-led service and a focus on what matters most to you.