The strategy behind the acquisitions made by the billion-dollar tech companies Facebook, Google and Apple are increasingly used by mid-market businesses to become more competitive. The adoption of a ‘buy it rather than build it’ approach is the reason the acquisition of technology — and often the technologists themselves — has become more frequent. Article […]
As you get older, a common consideration as a business owner is identifying who will continue to drive your business forward after you’ve stopped working. For family businesses, passing the business down to the next generation to manage and operate seems like a natural progression. If, however, your children don’t share the same interest in […]
For established business owners, the prospect of selling all or part of their business can be exciting. It provides the opportunity for business owners to realise some of the wealth they’ve built in their business, and it’s an opportune time to ensure the business is optimally structured for sale.
Outbound M&A activity originating from Japan surprised us in 2018 by making more than 1000 transactions valued at over AU$190.7bn. Looking at 2019 data it appears that this appetite for deals remains strong; in the first half of the year, Japanese buyers accounted for 30% of business services acquisitions by foreign buyers in the Australian midmarket.
Over the past few years, the world has faced ongoing geopolitical uncertainty in the wake of Brexit, the US-China trade war and the global economic slowdown. Events like these increase risks for businesses, usually resulting in organisations putting major investments and decisions on hold until certainty returns to the market.
Professional services have remained a popular segment for acquisitions in the first half of 2019, due largely to lower barriers to entry in the sector creating a lot of opportunities for growth. Recent data from IBISWorld reported that sole practitioners and boutique firms with less than 20 staff represented approximately 98% of professional services businesses […]
Trade players accounted for 95% of mid-market business services deals in the half year to 30 June 2019. Horizontal integration of companies is a common theme as trade buyers seek to enter new geographical or ancillary markets through acquiring an established market share rather than through pursuing organic strategies.
In this bulletin we are looking at the ‘business services’ sector in Australia and analysing the deals that have occurred in the first half of 2019.
Michael Sonego, Partner and Alex Pocock, Client Director at our Melbourne firm congratulates bus company Donric Group on the successful sale to family business Christian’s Bus company. The transaction is one of the largest in the industry in recent times and sees Donric contributing to the expansion of a 100-year old family business.
A rise in the use of external advisors by the public service and large listed companies is set to drive a new wave of M&A activity in the consulting sector.
Thank you for you interest