find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Freelance Project Finance Lawyers
Category: Other | Location: All Australia
· Vario are looking for freelance lawyers with experience in project finance ideally within the renewable energy sector
View details
Vario Freelance Lawyers
Category: Construction Law | Location: All Australia
· We are looking for lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Freelance Construction Lawyers
Category: Construction Law | Location: All Melbourne VIC
· We are looking for construction lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Deal activity predicted to fall in 2017

Deal activity predicted to fall in 2017

M&A activity in Australia is expected to fall in the new year despite growth in the last quarter of 2016, according to a new Intralinks report.

Intralinks Holdings has released its latest Intralinks Deal Flow Predictor (DFP) report for Q1 2017.

The Intralinks DFP forecasts the volume of M&A deal announcements by tracking early-stage M&A activity: transactions that are in the preparation stage or have reached the due diligence stage and are, on average, six months away from their public announcement.

The report predicted that early-stage M&A activity in Australia will decrease by 3 per cent year‐over‐year, meaning the number of deal announcements is expected to fall in Q1 2017 compared with the same period last year.

This is largely due to the sharp decline in M&A activity in metals and mining. The number of announced Australian metals and mining deals fell by 25 per cent in the first nine months of 2016 compared with the same period in 2015, according to the report.

“In Australia, early-stage M&A activity decreased by 3 per cent, an unwelcome reversal after an increase in M&A activity in Q4 2016, and indicating a subdued start to the new year for deal-makers Down Under,” said Philip Whitchelo, vice-president of strategy and product marketing at Intralinks.

“Australia is still adjusting to the sharp decline in M&A activity in the previously dominant metals and mining sector, whose export commodities helped to fuel China’s rapid industrialisation over the past two and a half decades.”

In 2009, when the metals and mining sector was at its peak, it accounted for almost 35 per cent of all Australian target M&A by number of deals (domestic plus inbound).

While the metals and mining sector is still the single largest sector for Australian target M&A, it only accounted for 12 per cent of all deals during the first nine months of 2016.

Interestingly, the number of announced Australian deals, excluding the metals and mining sector, rose by 4 per cent.

“While Australia has a much more balanced economy than any other commodity-exporting nation, with strengths in areas such as technology, healthcare and agriculture, we expect M&A activity to continue to exhibit quarterly volatility,” Mr Whitchelo said.

“The adjustment from metals and mining M&A continues on the back of the commodity price slump and a slowdown in the pace of Chinese economic growth.”

Like this story? Read more:

Book commemorates diamond milestone for WA law society

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

Deal activity predicted to fall in 2017
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jan 23 2018
Disrupting traditional archiving and storage methods
Promoted by Fileman TRENDS COME and go but technology and its disruption to the legal landscape h...
Scales of Justice
Jan 23 2018
WA to close ‘legal loophole’ on gender reassignment laws
Laws in Western Australia will soon change to permit married people to undergo gender reassignment s...
Lawyers take to Twitter to share career stories
Jan 22 2018
Lawyers take to Twitter to share career stories
The #mypathtolaw hashtag has been embraced by legal eagles to swap stories with the Twitter communit...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...