Australian independent experts

Calendar 2025 · Independent expert reports on deals announced · 44 deals · A$49bn disclosed

Australian independent experts, Calendar 2025, ranked by deal value

1	Kroll 8 deals · 54.3% share	26,804.4	54.3%
Share Kroll's #1 Share on LinkedIn Post on X Send by email Download image 8 Dec 2025 Brookfield Asset Management acquisition of National Storage REIT A$6.7bn 30 Sep 2025 Southern Cross Media Group and Seven West Media merger A$417m equity value 18 Aug 2025 Adamantem Capital Management acquisition of Apiam Animal Health A$228m Aug 2025 LDR Assets acquisition of Elanor Commercial Property Fund 10 Jun 2025 Pacific Equity Partners acquisition of Johns Lyng Group A$1.3bn 2 Jun 2025 Brickworks and Washington H. Soul Pattinson and Company merger A$14bn equity value 27 Mar 2025 Dollarama acquisition of The Reject Shop A$259m equity value 6 Jan 2025 CC Capital Partners acquisition of Insignia A$3.9bn
2	Grant Samuel 4 deals · 31.1% share	15,368.0	31.1%
Share Grant Samuel's #2 Share on LinkedIn Post on X Send by email Download image 24 Nov 2025 Macquarie Asset Management acquisition of Qube Holdings A$12bn 7 Apr 2025 Bally's stake in The Star A$266m consideration 26 Feb 2025 MIXI Australia acquisition of PointsBet Holdings A$402m 21 Feb 2025 CoStar Group acquisition of Domain A$3bn
3	Lonergan Edwards & Associates 4 deals · 29.6% share	14,609.7	29.6%
Share Lonergan Edwards & Associates's #3 Share on LinkedIn Post on X Send by email Download image 30 Sep 2025 Southern Cross Media Group and Seven West Media merger A$417m equity value 14 Jul 2025 Iris Cairns Property acquisition of Reef Casino Trust A$193m equity value 2 Jun 2025 Brickworks and Washington H. Soul Pattinson and Company merger A$14bn equity value 11 Apr 2025 North acquisition of Energy Resources of Australia
4	Deloitte 4 deals · 7.6% share	3,741.2	7.6%
Share Deloitte's #4 Share on LinkedIn Post on X Send by email Download image 10 Oct 2025 Beam Dental acquisition of Pacific Smiles Group 27 Jun 2025 Acquisition of Wesfarmers 5 May 2025 Gold Fields acquisition of Gold Road A$3.7bn equity value Jan 2025 CPE Capital acquisition of Quickstep Holdings A$41.2m equity value
5	Grant Thornton 4 deals · 2.4% share	1,180.2	2.4%
Share Grant Thornton's #5 Share on LinkedIn Post on X Send by email Download image 13 Oct 2025 Caterpillar acquisition of RPMGlobal Holdings A$1bn 15 Sep 2025 TT Investments acquisition of 360 Capital Group 8 Sep 2025 Samuel Terry Asset Management (STAM) acquisition of Eildon Capital Group 12 May 2025 HgCapital LLP acquisition of Envirosuite A$132m equity value
6	BDO 11 deals · 2.2% share	1,078.4	2.2%
Share BDO's #6 Share on LinkedIn Post on X Send by email Download image 23 Dec 2025 ACAM GP acquisition of Hartshead Resources A$40m equity value 1 Dec 2025 Montage Gold Corp. acquisition of African Gold 13 Oct 2025 IsoEnergy acquisition of Toro Energy A$75m equity value 6 Oct 2025 Snow Lake Resources acquisition of Global Uranium and Enrichment A$44.5m equity value 24 Jul 2025 Capricorn Metals acquisition of Warriedar Resources 30 Jun 2025 Brightstar Resources and Aurumin merger 19 May 2025 Bastion acquisition of Xanadu Mines A$160m equity value 17 Mar 2025 Argyle Street Management acquisition of Donaco International A$55.6m equity value 19 Feb 2025 Yumbah Aquaculture acquisition of Clean Seas Seafood A$29.3m equity value 28 Jan 2025 Fortescue acquisition of Red Hawk Mining A$254m equity value 28 Jan 2025 NinjaOne acquisition of Dropsuite A$420m equity value
7	KPMG 2 deals · 1.4% share	704.3	1.4%
Share KPMG's #7 Share on LinkedIn Post on X Send by email Download image 20 Aug 2025 Darwin Aus acquisition of Lynch Group Holdings A$270m equity value 22 May 2025 Hutchison Telecommunications (Amsterdam) acquisition of Hutchison Telecommunications (Australia) A$434m equity value
8	RSM 3 deals · 0.3% share	150.5	0.3%
Share RSM's #8 Share on LinkedIn Post on X Send by email Download image 15 Dec 2025 Li-FT Power acquisition of Winsome Resources 15 May 2025 Ganzhou Chenguang Rare Earths New Material Co. acquisition of Peak Rare Earths A$151m consideration 7 Mar 2025 Elph Investments acquisition of Engenco
9	Stantons 1 deal · 0.1% share	62.0	0.1%
Share Stantons's #9 Share on LinkedIn Post on X Send by email Download image 22 Jul 2025 Rover Group acquisition of Mad Paws Holdings A$62m equity value
10	Titan Partners Corporate Finance 1 deal · 0.1% share	34.1	0.1%
Share Titan Partners Corporate Finance's #10 Share on LinkedIn Post on X Send by email Download image 4 Jul 2025 Maxo Telecommunications acquisition of Vonex A$34.1m
11	Leadenhall 1 deal · 0.1% share	28.8	0.1%
Share Leadenhall's #11 Share on LinkedIn Post on X Send by email Download image 15 Oct 2025 Suzerain Investments Holdings acquisition of Entertainment Rewards A$28.8m equity value
12	Moore Australia 2 deals · 0.0% share	1.8	0.0%
Share Moore Australia's #12 Share on LinkedIn Post on X Send by email Download image 19 May 2025 CNSX Markets acquisition of NSX 5 Feb 2025 Inca Minerals acquisition of Stunalara Metals A$1.8m equity value
13	Forvis Mazars (South Africa) 1 deal · – share	–	–
Share Forvis Mazars (South Africa)'s #13 Share on LinkedIn Post on X Send by email Download image 20 May 2025 ASP Isotopes acquisition of Renergen

Share of the table, Calendar 2025

Top ten by deal value.

Rank by year

This table's top firms in each year.

13 deals have no disclosed value. Methodology

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