AFR Special Report: Deal Market Outlook 2018

AFR Special Report: Deal Market Outlook 2018

Forty-seven percent of respondents of KPMG’s Evolving Deals Landscape survey state that they expect a forthcoming boom in M&A activity over the next 12 months. A recent report by the Australian Financial Review, reveals the same outlook and activity hovering at seven-year high. At a roundtable co-hosted by KPMG and the Australian Financial Review (AFR), prominent business leaders discussed the deal market outlook and what’s in store for the upcoming year.


Key insights

This AFR Special Report summarises a roundtable discussion exploring the changing structural dynamics of the market and how they impact deals and deal advisory across M&A and capital markets.

Big data streamlining due diligence process in M&A – Data digital tools are moving due diligence away from the process of just validating some basic numbers to a place where validation can move straight to the underlying analysis.

With Chinese investment, some sectors still in favour – While investment from China is being more regulated there has been an uptick into areas such as mining.

Moving beyond M&A: partnerships the way forward – With Australia's economy remaining relatively strong coupled with an infrastructure boom in a couple of states in particular, a lot of companies are looking beyond traditional mergers and acquisitions.

Debt funding to rise over the next year – Australian businesses are more willing than ever to look for debt funding over the next one to two years for a variety of reasons.

If assets can be done without, they are up for sale – Amid all the commentary around the 10-year anniversary of the GFC, and the hunt comparisons between then and now, one minor echo in today's market might have been missed. While the motivation is different, a rush of big companies are looking to offload non-core assets.

M&A activity at a record high and more to come – While the banking royal commission and an escalating trade war between the United States and China have dominated most of the business headlines, Australian business has quietly been enjoying a deals boom.

Roundtable participants

The panel included KPMG and key industry leaders:

  • James Thomson, AFR Companies and Markets Editor, as moderator
  • David Heathcote, National Lead Partner, Corporate Finance, KPMG
  • Peter Turner, National Lead Partner, Mergers and Acquisitions, KPMG
  • Helen Sutherland, Partner, Mergers and Acquisitions, Industrial Markets, KPMG
  • Cameron Blanks, Managing Director, Pacific Equity Partners
  • Jason Chang, Managing Director and CEO, EMR Capital
  • Genevieve Gregor, Partner, Colinton Capital
  • Adrian Loader, Founding Partner, Allegro Funds
  • Andrew Lockhart, Managing Partner, Metrics Credit Partners
  • Martin Wildsmith, Leader Microsoft ANZ, DXC Technology
  • Gareth Young, Managing Director, Livingbridge.


Read the AFR Special Report on the deal market outlook.

Produced in association with the Australian Financial Review.

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