Mergermarket M&A Forum Australia 2025

Fresh ideas. Key connections. Real opportunity.

location_on Four Seasons Hotel, Sydney Map
08.00 - 08.50
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Registration

09.30 - 10.15
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Australia M&A outlook: Navigating shifts, finding investments

Despite choppy market conditions, Australia is seeing some large deals being announced in 1H25, reflecting renewed optimism around Australian M&A. Corporates are looking to priorities their core business and divest non-core assets, while private capital players are focusing on putting dry powder to work. Meanwhile, processes are still taking longer to complete with a greater focus on due diligence, bid-ask spread, and regulatory approvals. As regulators are asking more questions, it is critical to make sure what parties are brought into the process to clear all these hurdles. Our panel of M&A experts will discuss dealmaking in the year ahead, as well as offer their top tips to navigate uncertain waters.

  • Have dealmakers seen a shift in opportunities and the types of deal they have been working on? 
  • How are parties navigating bid-ask spreads, earnings volatility, and sector-specific repricing?
  • What are the key factors derailing deals, and how are buyers and sellers mitigating execution risk?
  • How will the market fair in 2026 against a backdrop of macro-economic and political uncertainty?
  • Will the region see more M&A activity as corporates reassess their business strategies?
10.15 - 10.45
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Networking break

10.45 - 11.30
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Cross-border M&A: All eyes on Australia

Australia continues to garner international interest. In addition to its stability and predictable regulatory landscape, its distance from a range of issues effecting the rest of the world, along with capital flows previously earmarked for China, make it a good place to do business. Likewise, Australian companies have been more active to seek offshore opportunities, making several large overseas acquisitions, especially in the US in the tech space. However, the unknows around tariffs, regulatory timelines and valuations are all weighing on dealmakers’ minds when sizing up opportunities. Join leading dealmakers as they discuss key trends shaping inbound and outbound transactions, including the role of the Foreign Investment Review Board (FIRB), the macro geopolitical story, sector-specific developments and strategies for managing cross-cultural negotiations and integration.

  • What countries/regions are most active in terms of inbound and outbound M&A?
  • Which sectors are seeing the most activity from foreign investors?
  • How will FIRB and ACCC regulations affect dealmaking in the region? 
  • How are the known unknows around geopolitics and tariffs affecting cross-border valuations and deals?
  • What makes Australia attractive to foreign investors and how does it stack up against other regions?
11.30 - 12.15
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Funding the deal: M&A financing in uncertain times

Traditionally, debt financing of acquisitions in Australia has been the domain of the banks, taking lead roles in relation to the arranging and underwriting of these facilities. However, institutional lenders and private credit funds have continued to gain significant market share in syndicated lending transactions and are now mainstream.

In the current climate of market uncertainty both banks and private credit investors are having to recalibrate their business-as-usual hypothesis. While lenders now provide a range of flexible debt instruments, financiers are also increasingly mindful of downside protection. Our panellists share their views on how to navigate the market.

  • What are the innovative financing structures shaping the current market?
  • Are lenders incorporating greater protections in loan docs? 
  • Is private credit more willing to wear the private equity hat when the situation demands? 
  • With fewer exits are loan extensions and dividend recapitalisations here to stay? 
  • Is the notion of banks competing with private credit a false narrative?
12.15 - 13.15
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Networking lunch

13.15 - 14.00
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Active investors: Changing the game

Against the rise of passive investing, active shareholders are concentrating their portfolios and managing more actively - no wonder they are now more proactively engaging with boards. Although not everyone amounts to the “activist” level as Australis still only has a handful of such activist shareholders, value-driven investors are more active in pushing companies for change to unlock value, if not necessarily going public and aggressive with their campaigns. Some are increasingly behaving like investment bankers—approaching companies with proposals on capital strategy, operational optimization, and potential M&A activities. They are also using novel tactics to influence the strategies of companies as large institutional players and funds (including super funds) enter space, resulting in better-funded and more sophisticated campaigns. Campaigns continue to evolve, with activists refining their strategies to both capitalise on financial opportunities, value creation and governance concerns. 

  • How have activist investors evolved to run campaigns in the boardroom and the media?
  • What sectors are likely to be under the spotlight over the next 12 months, and how will this impact on the M&A landscape?
  • What is the role of shareholder engagement firms – acting for both target or the activist investor - and how will this change?
  • What can be learned from recent campaigns, both successes and failures?
  • What tactics are being employed to drive deals in the current uncertain economic environment?
14.30 - 15.00
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Networking break

15.00 - 15.45
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Technology M&A: AI and beyond

Australia’s technology sector has emerged as a global player, driven by world-class innovation, growing capital flows, and strategic cross-border interest. As artificial intelligence reshapes how we live, work, and invest, it’s also driving a new chapter in technology M&A, and tech acquirers and investors are recalibrating strategies amid a market hungry for innovation but cautious on valuation. From distressed opportunities and AI-led plays to cross-border acquisitions, the panel explores what’s driving (or stalling) transactions—and what investors and founders should watch in the year ahead.

  • What area of the tech sector has seen the most activity in the last 12 months and why?
  • What is the size and scope of the AI investment opportunity today and in the future?
  • What are corporate buyers looking for in this dealmaking environment, and how have their strategies changed?
  • How can Australian companies position themselves to attract global buyers in the tech M&A space or pursue international targets?
  • What are the biggest post-merger integration challenges and how do you manage risks related to talent retention and culture alignment?
15.45 - 16.45
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Private capital spotlight: All about execution

Investors are busy actively looking to find homes for capital and despite pockets of activity, many managers have struggled to build conviction in opportunities in the shadow of geopolitical uncertainty, financing costs and valuation disagreements. There is a view that deal activity will pick up in the second half of 2025 as deployment pressure increases and future fundraising plans come to life. GPs must adapt by revising deal origination tactics, ensuring transactions are structured for resilience with value creation plans in place from day one to exit. In this session, a group of experienced private market GPs will discuss the current situation.

  • How are investors navigating the current disconnect between optimistic buyers and cautious sellers?
  • What are the best practices for executing take-private deals in today’s environment, considering listed market valuations and complexities of company boards?
  • Which sectors are GPs backing to outperform amidst regulation and trade wars?
  • To what extent are private equity and infrastructure viewed as a blended opportunity set? How does this perspective influence M&A activity in areas such as the energy transition and digitalisation?
16.45 - 18.15
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Cocktail Reception