find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Australia’s emerging industries key to M&A expansion

Australia’s emerging industries key to M&A expansion

Norton Rose Fulbright’s latest study on private M&A transactions has shown Australia’s market is set for increased competition and merger deals in emerging industries.

Despite findings that show a downward trend in foreign buyers and cross-border activities in 2015, Australia’s emerging industries – infrastructure, consumer markets, agribusiness, healthcare and technology and innovation – have taken over the slowing momentum of activity in mining and resources.

A shift is also reflected in the proportion of offshore buyers in Australia’s M&A scene, which has fallen 22 per cent from 2014.

According to study co-author and Norton Rose Fulbright partner M&A Shane Bilardi, Chinese buyers in particular have struggled to compete with the pace set by competitive auction processes.

“The strong market last year enabled the sellers of sought-after assets to leverage the competitive tension of auction processes to close out sale processes in relatively short time frames on improved terms,” Mr Bilardi said.

“Interestingly, the rise in competitive auction processes appears to have disadvantaged Chinese buyers, who find it difficult to match the pace of some Western companies in deal execution."

Out of 73 deals reviewed by the global firm, 52 per cent of foreign buyers in 2014 fell to 30 per cent in 2015. Last year the US led the pack of offshore buyers (36 per cent) followed by China and Hong Kong (28 per cent).

Another key finding to emerge has been the growing concern among buyers for anti-bribery and corruption issues as global regulators clamp down on corruption.

Private M&A Deal Points Study 2015 is the third such major study conducted by Norton Rose Fulbright. It analysed 83 private M&A transactions in Australia. It is co-authored by Mr Bilardi and special counsel Jyoti Singh.  

Like this story? Read more:

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

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Australia’s emerging industries key to M&A expansion
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Applauds
07:00
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Mentoring
07:00
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
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 & ...