M&A and equity raisings
1,881 deals since January 2025, each with its advisers and sources · as at 10 Nov 2026 · Venture rounds
1,881 deals · A$506bndisclosed · Clear
Columns
| Date | Target | Vendor | Acquirer | Type | Status | Value A$m | Sector | Advisers |
|---|---|---|---|---|---|---|---|---|
| Dec 2025 | Voyages Indigenous Tourism Australia | Indigenous Land and Sea Corporation (ILSC) | Journey Beyond | Acquisition | Completed | – | Hospitality, leisure and gaming | Gilbert + Tobin (sell-side)Jones Day (buy-side) |
| Dec 2025 | Keolis Downer | – | Keolis Group | Acquisition | Completed | – | Transport and logistics | Herbert Smith Freehills Kramer (buy-side) |
| Dec 2025 | Animal Control Technologies | – | Kiwicare | Acquisition | Announced | – | Chemicals and fertilisers | Kidder Williams (sell-side) |
| Dec 2025 | St Barbara Mining | St Barbara | Lingbao Gold Group Company | Acquisition | Completed | 390.0 | Gold and silver | Steinepreis Paganin (buy-side) |
| Dec 2025 | Brennan | – | Macquarie Principal Finance | Stake | Completed | – | IT services | Grant Samuel (sell-side)Thomsons (sell-side) |
| Dec 2025 | Australian investment management rights of Macquarie Asset Management | Macquarie Asset Management Holdings | Nomura | Asset sale | Announced | – | Asset and wealth management | White & CaseMcCullough Robertson (buy-side) |
| Dec 2025 | Iron Mine Contracting | – | North American Construction Group | Acquisition | Completed | 125.5 | Mining services and equipment | Thomsons (sell-side)MinterEllison (buy-side)Fasken (buy-side) |
| Dec 2025 | AFS Logistics | The Growth Fund | FMH Group | Acquisition | Completed | – | Transport and logistics | Herbert Smith Freehills Kramer (sell-side)Alvarez & Marsal (sell-side)GreenMount (sell-side)EY (sell-side) |
| Dec 2025 | Iltani Resources | – | QIC | Stake | Announced | – | Copper and base metals | Hamilton Locke (buy-side) |
| Dec 2025 | IntelliDesign | – | Circuitwise Group | Acquisition | Completed | – | Hardware and semiconductors | BDO (sell-side) |
| Dec 2025 | UniLodge | Pamoja Capital | Samty Holdings | Acquisition | Announced | – | Property development and services | Allens (sell-side) |
| Dec 2025 | Latrobe Valley Power (Holdings) | – | Sembcorp Industries | Acquisition | Announced | 6,500.0 | – | Ashurst Perkins Coie (buy-side) |
| Dec 2025 | Pioneer Sail Holdings Pty Limited and Latrobe Valley Power (Holdings) Pty Ltd (Alinta Energy) | Chow Tai Fook Enterprises | Sembcorp Industries | Acquisition | Announced | 6,500.0 | Electricity and gas networks and retail | Herbert Smith Freehills Kramer (sell-side)Ashurst Perkins Coie (buy-side) |
| Dec 2025 | Arden Group | – | SHAPE Australia Corporation | Asset sale | Completed | 32.0 | Engineering and construction | Addisons (buy-side) |
| Dec 2025 | Next Green Group Pty Ltd (NGG) | – | Sojitz | Stake | Completed | – | Electricity and gas networks and retail | Ashurst Perkins Coie (buy-side) |
| Dec 2025 | AS Colour | – | – | Stake | Completed | – | Consumer brands and apparel | Allier Capital (sell-side)Jarden (buy-side)Gilbert + Tobin (buy-side) |
| Dec 2025 | Black Mount Spring Water | The Growth Fund | Tasman Capital | Acquisition | Announced | – | Food and beverage | Herbert Smith Freehills Kramer (sell-side)Alvarez & Marsal (sell-side)GreenMount (sell-side)EY (sell-side) |
| Dec 2025 | Urgent and Techniche EV | Techniche | Titan Cloud Software | Acquisition | Completed | – | Software | Clayton Utz (buy-side)Mills & Reeve (buy-side)Bass, Berry & Sims (buy-side) |
| Dec 2025 | 750 Collins Street, Melbourne | GPT Group | TrustCapital Advisors (TCA) | Asset sale | Announced | 383.0 | REITs and property funds | Herbert Smith Freehills Kramer (buy-side) |
| Dec 2025 | AC Industries | – | Volution Group | Acquisition | Completed | 178.9 | Industrial products and machinery | BDO (buy-side) |
| Dec 2025 | Big River Industries | – | – | Entitlement offer | Completed | 10.0 | Building materials | Petra Capital (lead manager) |
| Dec 2025 | Northern Territory uranium assets | Alligator Energy | DevEx Resources | Asset sale | Announced | 7.5 | Uranium | Taylor Collison (sell-side) |
| Dec 2025 | Advanced Logic Technology | – | IMDEX | Acquisition | Announced | 99.0 | Mining services and equipment | PwC (sell-side)Vertumnus Lawyers (sell-side)Elvinger Hoss Prussen (buy-side)Davis Graham (buy-side)Gilbert + Tobin (buy-side) |
| Dec 2025 | JAYRIDE Group | – | – | Placement | Completed | 0.7 | Hospitality, leisure and gaming | Baker Young (lead manager) |
| Dec 2025 | African Gold | – | Montage Gold Corp. | Scheme | Completed | – | Gold and silver | SCP Resource Finance (sell-side)Allens (sell-side)Cozen O'Connor (sell-side)BDO (sell-side)Hamilton Locke (sell-side)Ashurst Perkins Coie (buy-side)Cassels (buy-side) |
| Dec 2025 | North Stawell Minerals | – | – | Placement | Completed | 0.5 | Gold and silver | Amery Partners (lead manager) |
| Dec 2025 | FireFly Metals | – | – | Placement | Completed | 139.0 | Copper and base metals | Hamilton Locke (issuer)Osler, Hoskin & Harcourt (issuer)BMO Capital Markets (lead manager)Canaccord Genuity (lead manager)Euroz Hartleys (lead manager)Argonaut (lead manager)RBC Capital Markets (lead manager) |
| Dec 2025 | Galilee Energy | – | – | Placement | Completed | 6.5 | Oil and gas | CPS Capital Group (lead manager) |
| Dec 2025 | L1 Global Long Short Fund | – | – | Entitlement offer | Completed | 477.0 | Listed investment vehicles | Morgans (lead manager)Taylor Collison (lead manager)Canaccord Genuity (lead manager)Ord Minnett (lead manager)E&P Capital (lead manager)Shaw and Partners (lead manager) |
| Dec 2025 | PTR Minerals | – | – | Placement | Completed | 12.0 | Rare earths, mineral sands and critical minerals | Taylor Collison (lead manager)Argonaut (lead manager) |
| Dec 2025 | DevEx Resources | – | – | Placement | Completed | 35.0 | Uranium | Bell Potter (lead manager)Argonaut (lead manager)Euroz Hartleys (lead manager) |
| Dec 2025 | Finder Energy Holdings | – | – | Placement | Completed | 25.0 | Oil and gas | Barrenjoey (lead manager)Canaccord Genuity (lead manager)JP Equity Partners (lead manager) |
| Dec 2025 | GreenTech Metals | – | – | Placement | Completed | 5.2 | Copper and base metals | CPS Capital Group (lead manager) |
| Dec 2025 | Mammoth Minerals | – | – | Placement | Completed | 7.5 | Gold and silver | Euroz Hartleys (lead manager) |
| Dec 2025 | Predictive Discovery | – | Perseus Mining | Scheme | Completed | 2,100.0 | Gold and silver | BMO Capital Markets (sell-side)SCP Resource Finance (sell-side)Fasken (sell-side)Herbert Smith Freehills Kramer (sell-side)GenCap Mining Advisory (sell-side)Macquarie Capital (buy-side)Sternship Advisers (buy-side)Corrs Chambers Westgarth (buy-side)Stikeman Elliott (buy-side) |
| Dec 2025 | Polymetals Resources | – | – | Placement | Completed | 34.4 | Copper and base metals | Ord Minnett (lead manager)Blue Ocean Equities (lead manager) |
| Dec 2025 | QPM Energy | – | – | Placement | Completed | 30.3 | Lithium and battery metals | Bell Potter (lead manager)Foster Stockbroking (lead manager)Ord Minnett (lead manager) |
| Dec 2025 | Saluda Medical | – | – | IPO | Listed | 230.8 | Medical devices and technology | TPG Capital BD (issuer)Latham & Watkins (issuer)Johnson Winter Slattery (issuer)Barnes & Thornburg (issuer)Grant Thornton (issuer)Bell Potter (lead manager)Morgans (lead manager)E&P Capital (lead manager)CommSec (lead manager) |
| Dec 2025 | Swoop Holdings | – | – | Entitlement offer | Completed | 10.0 | Telecommunications and digital infrastructure | Maddocks (issuer)MA Moelis Australia (lead manager) |
| Dec 2025 | Vulcan Energy Resources | – | – | Entitlement offer | Completed | 964.2 | Lithium and battery metals | Ashurst Perkins Coie (issuer)Canaccord Genuity (lead manager)Morgan Stanley (lead manager)ABN AMRO (lead manager) |
| Dec 2025 | Bubalus Resources | – | – | Placement | Completed | 1.5 | Gold and silver | Inyati Capital (lead manager) |
| Dec 2025 | HITIQ | – | – | Placement | Completed | 0.9 | Medical devices and technology | Spark Plus (lead manager) |
| Dec 2025 | IPB Petroleum | – | – | Placement | Completed | 1.3 | Oil and gas | Chieftain Securities (lead manager) |
| Dec 2025 | Arika Resources | – | – | Placement | Completed | 5.8 | Gold and silver | Bell Potter (lead manager) |
| Dec 2025 | AusQuest | – | – | Placement | Announced | 10.0 | Other mining and exploration | Euroz Hartleys (lead manager) |
| Dec 2025 | EQ Resources | – | – | Placement | Completed | 34.0 | Rare earths, mineral sands and critical minerals | Euroz Hartleys (lead manager)Canaccord Genuity (lead manager) |
| Dec 2025 | Almonty Industries | – | – | Placement | Completed | – | Rare earths, mineral sands and critical minerals | BofA Securities (lead manager) |
| Dec 2025 | Andean Silver | – | – | Placement | Completed | 30.0 | Gold and silver | Canaccord Genuity (lead manager)Euroz Hartleys (lead manager)SCP Resource Finance (lead manager) |
| Dec 2025 | Antares Metals | – | – | Placement | Completed | 2.0 | Gold and silver | Discovery Capital Partners (lead manager)Cumulus Wealth (lead manager) |
| Dec 2025 | National Storage REIT | – | Iridium SP BidCo | Scheme | Completed | 6,700.0 | REITs and property funds | Ashurst Perkins CoieCiti (sell-side)J.P. Morgan (sell-side)Clayton Utz (sell-side)Kroll (sell-side)EY (sell-side) |
Deals come from ASX announcements, scheme booklets, prospectuses, the advisers' own deal announcements and the press. How the data is built All countries covers Australia and New Zealand. The United Kingdom, the United States, Canada, Singapore, China and India are planned.