Australian M&A

Cheap credit spurs Australian acquisitions

Australian CEOs are on the lookout for acquisitions, while juggling their fear of overpaying with a fear of not deploying money.
Port of Newcastle, bought in May by Hastings Funds Management and China Merchants Group
Port of Newcastle, bought in May by Hastings Funds Management and China Merchants Group

After years of cost-cutting, Australian companies are finally putting their strong balance sheets to work, leading to a flurry of mergers and acquisitions.

The pickup in deals is being driven by a confluence of cheap access to finance, strong interest from overseas buyers, new funds raised by private equity firms and a need for company executives to find new sources of growth.

A Deloitte survey of 50 Australian chief financial officers conducted in late June found 60% planned to pursue potential mergers and acquisitions over the next 12 months, compared to 54% in the prior survey.

“With market conditions strong, and the capital markets...

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