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
Energy remains most active M&A sector

Energy remains most active M&A sector


The resources industry may be in decline but the energy, mining and utilities sector has outstripped all others for M&A activity in Australia over the past financial year.

A new report from Mergermarket has identified the sectors that recorded the most and highest-value M&A deals in Australia for FY2015-16.

Energy, mining and utilities proved to be the most active area, recording total deals valued at $26.9 billion and taking up a 31.6 per cent share of the total deal value in the period.

“Nearly two thirds of the overall investment value came from overseas, with Canada and China in particular showing their appetite for natural resources in Australia, recording AU$10.3 billion and AU$5.2 billion worth of investments in the sector respectively,” the report found.

However, the sector took up a smaller share of deal value than in FY2014-15, when it accounted for 37.8 per cent of the total.

Transport was the next most active sector, accounting for 18.3 per cent of deal value, which represents a significant jump from 10.1 per cent in FY2014-15.

Financial services also saw a dramatic increase in its deal share over the past year, increasing to 17.2 per cent of the total from 3.6 per cent.

Deals in this sector for the past year were valued at $14.7 billion, including the $8.2 billion acquisition of dealer finance business Esanda Finance Corporation by Macquarie Group.

Real estate transactions, on the other hand, saw a slump over the same period, with a total value of just $1.3 billion compared with $13 billion in FY2014-15, a decrease of 89.9 per cent.

Overall, the Australian M&A market has been “tepid” over the past year, according to the report, with the federal election putting a dampener on activity.

A total of 436 deals amounting to $85.3 billion were announced, representing an 8.8 per cent decline compared with FY2014-15.

“While the whole of Asia-Pacific (excl. Japan) was set on a growing trajectory, this slowdown trend resulted in Australia’s lowest market share of overall Asia-Pacific M&A activity on Mergermarket records, accounting for 8.06 per cent of the total deal value in the region (excl. Japan),” the report said.


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

Energy remains most active M&A sector
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
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...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
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 & ...