Pitcher Partners Dealmakers, mid-market M&A in Australia 2021, produced in collaboration with Mergermarket, provides valuable insights into what to expect in the year ahead for dealmaking.
The outlook is positive with expectations of deal activity returning to pre-pandemic levels within the next twelve-months.
Dealmakers are cautiously optimistic expecting significant improvements in Australian M&A, with the mid-market to provide impetus for a rebound in acquisition levels.
A strong second half for 2020, up 170% on deal volumes and 23% on deal values on the first half of the year, is seen as the beginnings of a recovery.
Private equity will be a key driver, while valuation gaps will continue to impact buyer and seller alignment.
While COVID-19 has proved challenging for dealmakers, some work-arounds, especially in terms of due diligence and deal completions, will be retained as part of future processes.