亚司特（Ashurst）：2025年澳大利亚上市公司并购交易报告（英文版）（100页）.pdf

1、The M&A Deal Report 20251The M&A Deal Report 2025An analysis of Australian Public Mergers and AcquisitionsThe M&A Deal Report 20253 Foreword 41 What can we expect in 2025?6 2 Deal Activity 123 Bidders 164 Target Sectors 225 Deal Structures 306 Consideration 387 Bid Tactics 448 Deal Conditions and Te

2、rms 549 Deal Wins and Losses 6410 Corporate Regulators and FIRB 7211 Competition Regime 8012 2024 Deal list 8813 Methodology 9214 About Ashurst 9515 Authors 99contentsforewordAshurst is excited to launch the inaugural edition of The M&A Deal Report.Our Report analyses acquisitions of Australian ASX

3、listed entities valued in excess of$50 million in 2024 and provides some perspectives on what that might mean for 2025 and beyond.The M&A Deal Report 202552024 was a relatively modest year for Australian M&A.Perhaps it was the calm before the storm?Will we see lightning strike in Australian M&A in 2

4、025?How will the Trump wild card play out?There are certainly some strong indicators:inflation coming down,interest rates past their peak,a weak A$and plenty of private capital and debt funding available.Most started 2025 expecting business confidence out of the US would provide positive momentum to

5、 M&A.The position is now less clear,but if the world can navigate the tariff battles and adjust to a new norm,confidence and momentum may return,especially with the otherwise deregulatory bias of the Trump administration.So M&A in Australia could be humming in 2025 if the US wild card comes up trump

6、s and we can get past some financial distress in selected sectors,a potential transaction slowdown while the Federal election takes centre stage in Q2,and oncoming increased competition regulation.See more on the outlook in Chapter 1.Some key data and themes from 2024:43 binding$50 million+public M&