Ashurst’s Australian M&A Report for 2025

The M&A market is gearing up for increased activity in the coming months. Various factors such as declining inflation, lower interest rates, available funding through debt and equity, and a weakened Australian dollar are expected to contribute to a surge in deal-making opportunities in the second half of 2025. However, these developments are contingent on how the business world adapts to the policies of the Trump administration, which remains an unpredictable element in the equation.

Despite the prevailing uncertainty and market volatility, experts anticipate a robust second half of 2025 for M&A deals once the dust settles. To gain valuable insights into the trends shaping the Australian M&A landscape, we conducted an analysis of acquisitions involving ASX listed entities valued at over $50 million in 2024. This examination allows us to identify key patterns and predict future developments that may influence M&A activity in 2025 and beyond.

While 2024 saw a relatively stable year for Australian M&A, there is optimism that the sector could reach new heights in the coming years. With the right conditions in place, including favorable economic indicators and market dynamics, the stage is set for increased deal-flow and strategic partnerships. By delving into the intricacies of M&A transactions and post-transaction harmonization, businesses can position themselves to navigate the complexities of the M&A lifecycle successfully.

Neil Pathak, a seasoned M&A expert and Partner, Head of M&A (Australia) at our firm in Melbourne, emphasizes the importance of having a comprehensive M&A lifecycle solution in place. Our integrated approach combines legal expertise, risk assessment, compliance considerations, and innovative NewLaw strategies to guide clients through every phase of the M&A process. By leveraging our specialized offerings, businesses can streamline their M&A transactions, mitigate risks, and optimize outcomes for sustainable growth and success.

Looking ahead, the outlook for M&A in Australia appears promising, with a favorable confluence of factors aligning to facilitate increased deal-making opportunities. As the global economic landscape continues to evolve, businesses must stay agile and adaptable to emerging trends and challenges. By staying informed, prepared, and strategically positioned, organizations can capitalize on the potential for growth and transformation that M&A activities present in the dynamic business environment of 2025 and beyond.