Technology and Media tops 2016 Australasian M&A deal chart

08 November 2016

BDO has released its latest global report on mid-market mergers and acquisitions deal activity.

Sebastian Stevens, Corporate Finance Partner, BDO Australia said:

“Technology and media is the only Australasian industry sector to see improved deal activity in 2016, with a growth of 6% in volumes compared to the comparative first three quarters of 2015.”

“Three of the top ten largest mid-market deals in the quarter (Q3 2016) came from the tech and media sector, accounting for 24% of total deals.

  1. Superloop Limited’s $187million USD takeover offer to acquire all the outstanding shares of BigAir Group Limited (Australian based provider of wireless broadband and data services)
  2. Ontario Teachers’ Pension Plan acquired Nextgen Group Pty Ltd for $145million USD
  3. WEL Networks Limited acquisition of an undisclosed majority stake in New Zealand based retail broadband service, Ultrafast Fibre Limited for $139million USD.”

“This activity demonstrates that companies are looking for new growth opportunities in an age of digital disruption.” 

“Foreign investment continues to remain strong, aided by depreciation of the Australian dollar and Australia’s reputation as a safe investment hub.”