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
Aus corporates on global acquisition ‘spree’

Aus corporates on global acquisition ‘spree’

Philip-Whitchelo

Outbound M&A is up 9 per cent this year, representing an increased appetite among Australian companies for foreign investments.

Global transactions facilitator Intralinks has predicted that 2015 will be a record year for global transactions, with an increase of 11 per cent by the end of this year compared to 2014. 

“We believe 2015 will be a banner year for global M&A activity, with the number of deals predicted to break the records set in 2007,” said Philip Whitchelo (pictured), Intralinks’ vice president of strategy and product marketing.

Asia-Pacific is performing strongly, with deals increasing 15.8 per cent in the first half of the year.

However, inbound transactions in Australia are down compared with Asia-Pacific, increasing by only 1.4 per cent so far this year.

This is largely due to the slowdown in global demand for commodities such as iron ore and coal and the global oversupply of oil, according to Mr Whitchelo.

“Outbound M&A from Australia is a completely different story,” Mr Whitchelo said.

“Australian corporates have been on an international acquisition spree so far this year, with the number of announced outbound M&A deals up by 9 per cent."

Mr Whitchelo said this was “doubly impressive”, given that last year outbound M&A increased by 14 per cent.

The strongest sectors of growth for outbound deals included high technology, materials, financials, transportation and infrastructure.

A survey of 500 M&A professionals by Intralinks during the second quarter of 2015 indicated that 57 per cent of deal-makers expect to participate in more deals than six months ago.

Asia-Pacific deal-makers were slightly less optimistic, with only 42 expecting a strong deal environment compared to 55 last quarter.

 

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

Aus corporates on global acquisition ‘spree’
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...
APPOINTMENTS
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'...
opinion
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...
Help
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 & ...