AUSTRALIA Trends and Developments Contributed by: Alberto Colla, Keith Tan, Hugh McDonald and Dean Zinn, MinterEllison
have been materially marked down due to previ - ous overpriced and/or poorly integrated acquisi - tions. Investors are sending a salutary signal to boards of ASX-listed companies that they will be punished if they pursue bad acquisitions and/or raise capital or divest assets to fund acquisitions that then fail to perform (recent examples includ - ing Ampol, Reece, Perenti and APA Group).
Throughout the remainder of 2025, we expect to see continued interest in the mining, metals, energy and resources sectors, given their ongo - ing importance to global decarbonisation efforts and the pivot towards ‘safe-haven’ assets dur - ing times of uncertainty. Australian technology companies should continue to attract M&A inter - est. Private equity and superannuation funds will continue to drive M&A activity, each looking for opportunities to deploy their immense capital inflows.
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