Australian M&A and equity raisings
1,881 deals since January 2025, each with its advisers and sources · as at 8 Nov 2026 · Venture rounds
60 deals · A$9bndisclosed · Financial services · Clear
Columns
| Date | Target | Vendor | Acquirer | Type | Status | Value A$m | Sector | Advisers |
|---|---|---|---|---|---|---|---|---|
| Jan 2025 | Dominion Income Trust 1 | – | – | IPO | Announced | 300.0 | Listed investment vehicles | Corrs Chambers Westgarth (issuer)EY (issuer)Morgans (lead manager)National Australia Bank (lead manager)E&P Capital (lead manager)CommSec (lead manager)Canaccord Genuity (lead manager)Shaw and Partners (lead manager)Wilsons Advisory (lead manager) |
| Feb 2025 | Generation Development Group | – | – | Entitlement offer | Completed | 288.0 | Asset and wealth management | Baker McKenzie (issuer)Jefferies (lead manager)MA Moelis Australia (lead manager)Morgans (lead manager) |
| Feb 2025 | Gryphon Capital Income Trust | – | – | Entitlement offer | Completed | 209.7 | Listed investment vehicles | Morgans (lead manager)National Australia Bank (lead manager)E&P Capital (lead manager)Ord Minnett (lead manager)CommSec (lead manager) |
| Mar 2025 | MA Credit Income Trust | – | – | IPO | Listed | 330.0 | Listed investment vehicles | Herbert Smith Freehills Kramer (issuer)Bell Gully (issuer)KPMG (issuer)MA Moelis Australia (lead manager)Ord Minnett (lead manager)Shaw and Partners (lead manager)Canaccord Genuity (lead manager)MST Financial (lead manager) |
| Mar 2025 | Whitefield Income | – | – | IPO | Listed | 200.0 | Listed investment vehicles | DLA Piper (issuer) |
| Mar 2025 | Findi | – | – | Placement | Completed | 45.0 | Payments and fintech | Morgans (lead manager)MST Financial (lead manager)Ord Minnett (lead manager) |
| May 2025 | Mirrabooka Investments | – | – | Entitlement offer | Completed | 85.0 | Listed investment vehicles | Allens (issuer) |
| May 2025 | Metrics Master Income Trust | – | – | Placement | Completed | 315.0 | Listed investment vehicles | MinterEllison (issuer)Ord Minnett (lead manager)E&P Capital (lead manager)Morgans (lead manager)Taylor Collison (lead manager)National Australia Bank (lead manager) |
| Jun 2025 | TopCo | – | – | Placement | Announced | 550.0 | Listed investment vehicles | Aitken Mount Capital Partners (lead manager) |
| Jun 2025 | Dominion Income Trust 1 | – | – | Placement | Completed | 45.0 | Listed investment vehicles | National Australia Bank (lead manager)Morgans (lead manager) |
| Jun 2025 | Butn | – | – | Placement | Completed | 10.0 | Payments and fintech | K&L Gates (issuer)Unified Capital Partners (lead manager) |
| Jun 2025 | MA Credit Income Trust | – | – | Placement | Completed | 49.7 | Listed investment vehicles | Ord Minnett (lead manager)MA Moelis Australia (lead manager)Shaw and Partners (lead manager)MST Financial (lead manager)Canaccord Genuity (lead manager) |
| Jul 2025 | La Trobe Private Credit Fund | – | – | IPO | Listed | 300.0 | Listed investment vehicles | DLA Piper (issuer) |
| Aug 2025 | Wrkr | – | – | Placement | Completed | 15.0 | Payments and fintech | Morgans (lead manager) |
| Aug 2025 | Alternative Investment Trust | – | – | Entitlement offer | Completed | 44.6 | Listed investment vehicles | Mont Lawyers (issuer) |
| Aug 2025 | MA Credit Income Trust | – | – | Entitlement offer | Completed | 190.5 | Listed investment vehicles | Ord Minnett (lead manager)MA Moelis Australia (lead manager)Canaccord Genuity (lead manager)Shaw and Partners (lead manager)Taylor Collison (lead manager)Wilsons Advisory (lead manager)E&P Capital (lead manager)MST Financial (lead manager) |
| Aug 2025 | Gryphon Capital Income Trust | – | – | Placement | Completed | 75.0 | Listed investment vehicles | Morgans (lead manager) |
| Sep 2025 | Revolution Private Credit Income Trust | – | – | IPO | Listed | 400.0 | Listed investment vehicles | Corrs Chambers Westgarth (issuer)Bell Gully (issuer)EY (issuer)Morgans (lead manager)E&P Capital (lead manager)National Australia Bank (lead manager)Canaccord Genuity (lead manager)CommSec (lead manager)Wilsons Advisory (lead manager)MST Financial (lead manager)Shaw and Partners (lead manager)Clayton Utz (lead manager) |
| Oct 2025 | Pengana Global Private Credit Trust | – | – | Entitlement offer | Completed | – | Listed investment vehicles | DLA Piper (issuer)EY (issuer)Taylor Collison (lead manager)Morgans (lead manager)MST Financial (lead manager)Shaw and Partners (lead manager) |
| Oct 2025 | Stakk | – | – | Placement | Completed | 15.0 | Payments and fintech | Canaccord Genuity (lead manager) |
| Oct 2025 | Ovanti | – | – | Placement | Completed | 8.0 | Payments and fintech | Clee Capital (lead manager)Evolution Capital (lead manager) |
| Oct 2025 | COG Financial Services | – | – | Placement | Completed | 20.0 | Banking and lending | Morgans (lead manager) |
| Oct 2025 | WAM Income Maximiser | – | – | Placement | Completed | 120.2 | Listed investment vehicles | Morgans (lead manager)Taylor Collison (lead manager)Ord Minnett (lead manager)CommSec (lead manager)Bell Potter (lead manager)Shaw and Partners (lead manager)Canaccord Genuity (lead manager)E&P Capital (lead manager) |
| Oct 2025 | Cash Converters International | – | – | Entitlement offer | Completed | 25.0 | Banking and lending | Gilbert + Tobin (issuer)Bell Potter (lead manager) |
| Nov 2025 | Australian Unity | – | – | Placement | Completed | 209.0 | Insurance | Corrs Chambers Westgarth (lead manager)Acacia Partners (lead manager)E&P Capital (lead manager)Morgans (lead manager)National Australia Bank (lead manager) |
| Nov 2025 | Wisr | – | – | Placement | Completed | 11.4 | Banking and lending | Shaw and Partners (lead manager) |
| Nov 2025 | Perpetual Credit Income Trust | – | – | Entitlement offer | Completed | 267.0 | Listed investment vehicles | Ord Minnett (lead manager)Morgans (lead manager)CommSec (lead manager)E&P Capital (lead manager)National Australia Bank (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 | ARC Funds | – | – | Placement | Completed | 0.7 | Asset and wealth management | K&L Gates (issuer)Morrison Securities (issuer) |
| Dec 2025 | Peppermint Innovation | – | – | Placement | Completed | 0.5 | Payments and fintech | CPS Capital Group (lead manager) |
| Jan 2026 | AUB Group | – | – | Placement | Completed | 400.0 | Insurance | Macquarie Capital (lead manager) |
| Jan 2026 | WAM Active | – | – | Entitlement offer | Completed | 70.7 | Listed investment vehicles | Ord Minnett (lead manager)Morgans (lead manager)Taylor Collison (lead manager) |
| Feb 2026 | Revolution Private Credit Income Trust | – | – | Placement | Completed | 60.0 | Listed investment vehicles | National Australia Bank (lead manager)Morgans (lead manager)E&P Capital (lead manager)Clayton Utz (lead manager) |
| Feb 2026 | WCM Global Growth | – | – | Placement | Completed | 84.8 | Listed investment vehicles | Taylor Collison (lead manager)Morgans (lead manager)Ord Minnett (lead manager) |
| Mar 2026 | Household Capital | – | – | Equity raising | Announced | – | Banking and lending | Grant Samuel (issuer) |
| Mar 2026 | Findi | – | – | Placement | Completed | 25.0 | Payments and fintech | Taurus Capital (lead manager) |
| Mar 2026 | Magellan Financial Group | – | – | Placement | Completed | 130.0 | Asset and wealth management | Barrenjoey (lead manager) |
| Mar 2026 | Kapstream Investment Trust | – | – | IPO | Listed | 300.0 | Listed investment vehicles | Corrs Chambers Westgarth (issuer)EY (issuer)CommSec (lead manager)E&P Capital (lead manager)Ord Minnett (lead manager)MST Financial (lead manager)Taylor Collison (lead manager) |
| Mar 2026 | Count | – | – | Placement | Completed | 35.9 | Asset and wealth management | Baker McKenzie (issuer)E&P Capital (lead manager)Canaccord Genuity (lead manager) |
| Apr 2026 | Solaris Australian Equity Income Plus | – | – | IPO | Listed | 190.0 | Listed investment vehicles | Pitcher Partners (issuer)DLA Piper (issuer)Morgans (lead manager)Ord Minnett (lead manager)Taylor Collison (lead manager)Canaccord Genuity (lead manager)CommSec (lead manager)Shaw and Partners (lead manager) |
| Apr 2026 | Cuscal | – | – | Placement | Completed | 30.0 | Payments and fintech | Gilbert + Tobin (issuer)BofA Securities (lead manager) |
| Apr 2026 | L1 Gold Fund | – | – | IPO | Listed | 950.0 | Listed investment vehicles | Corrs Chambers Westgarth (issuer) |
| May 2026 | Navigator Global Investments | – | – | Entitlement offer | Completed | 145.0 | Asset and wealth management | Macquarie Capital (lead manager)Aitken Mount Capital Partners (lead manager)Morgans (lead manager) |
| May 2026 | Fat Prophets Global Contrarian Fund | – | – | Entitlement offer | Completed | 8.5 | Listed investment vehicles | |
| May 2026 | Whitefield Income | – | – | Entitlement offer | Completed | 108.0 | Listed investment vehicles | Morgans (lead manager)Taylor Collison (lead manager)Ord Minnett (lead manager)CommSec (lead manager)Canaccord Genuity (lead manager)Shaw and Partners (lead manager)Bell Potter (lead manager) |
| Jun 2026 | Spenda | – | – | Entitlement offer | Completed | 8.5 | Payments and fintech | Peak Asset Management (lead manager) |
| Jun 2026 | AI Private Opportunities Trust | – | – | IPO | Listed | 125.0 | Listed investment vehicles | Taylor Collison (lead manager)Ord Minnett (lead manager)Canaccord Genuity (lead manager)CommSec (lead manager)Morgans (lead manager)Bell Potter (lead manager)Shaw and Partners (lead manager) |
| Jul 2026 | Pioneer Credit | – | – | Placement | Completed | 17.0 | Banking and lending | Canaccord Genuity (lead manager)Wallabi Group (lead manager) |
| Jul 2026 | WAM Income Maximiser | – | – | Entitlement offer | Completed | 172.4 | Listed investment vehicles | Bell Potter (lead manager)Canaccord Genuity (lead manager)CommSec (lead manager)E&P Capital (lead manager)Morgans (lead manager)MST Financial (lead manager)Ord Minnett (lead manager)Shaw and Partners (lead manager)Taylor Collison (lead manager) |
| Aug 2026 | ARC Funds | – | – | Placement | Completed | 5.0 | Asset and wealth management | Lodge Partners (issuer) |
Deals come from ASX announcements, scheme booklets, prospectuses, the advisers' own deal announcements and the press. How the data is built