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M&A deals surge by 33%
A new report has shown M&A deals have increased by 33 per cent over the last quarter.
Emma Musgrave
According to Ansarada’s Indicators report, over the last quarter – April, May and June – the Aussie tech sector has driven M&A deals by up to 33 per cent when compared to the previous quarter.
In addition, it added the last quarter saw a host of Australian tech start-ups secure funding from US investors, including LawPath’s $1.8 million funding from US legal services giant LegalZoom, SeatFrog’s $8 million funding round from Octopus Ventures, Zoox’s $677 million Series B funding round led by Atlassian’s Mike Cannon-Brookes, and Lumitron’s $33 million raise from global investors.
“American capital markets have long been an essential source of capital for Aussie companies and the impact this foreign investment has had on Australia’s economic success is significant,” explained Sam Riley, Ansarada co-founder and CEO.
“We’ve seen strengthening confidence from US investors in the local tech scene, which is a nod to the world-leading innovation coming out of Australia.”
Elsewhere in the report, Ansarada found the real estate sector saw a 25 per cent uptick in new deals commencing, which it noted was largely due to attractive alternative asset classes, such as student housing and data centres.
Further, the report found that the industrials sector saw a 23 per cent increase in new deals, in comparison to the previous quarter.
Oppositely, consumer deals are down 30 per cent and down 18 per cent in the materials sector, compared to the previous quarter.
“This report is consistent at a macro level with the trends we’re seeing on the ground across the various sectors,” said Kunal Mamik, executive director, Investment Banking Division, Morgan Stanley.
“For example, we saw significant activity in the resources and materials sectors at the start of the year but this has slowed over the last two quarters.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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