Photo: Shutterstock.com Coronavirus Slows M&A in Australia
But private equity remains active in the market, a Herbert Smith Freehills report says.
October 06, 2020 at 02:16 PM
3 minute read
Merger and acquisition activity in Australia fell sharply in the 2020 financial year as a result of the COVID-19 pandemic and its economic impact, according to a report by Herbert Smith Freehills.
There were some 51 control transactions involving Australian companies with an aggregate value of A$13.4 billion ($9.6 billion) in 2020, compared with 63 transactions worth A$45.9 billion ($32.9 billion) the year before.
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