Sales of mid-sized businesses in Australia’s technology and telecommunications sectors rose from 42 to 66 in the first half of calendar 2017, compared to the same period in 2016. With an average transaction value of $25m, the total value of the 66 deals was estimated at $1.7b.
- More than half of the transactions involved a public acquirer, acquiring a private company.
- Product expansion was the rationale for 23% of the acquisitions.
- 77% of acquirers already had operations within Australia.
- At least 20% of deals disclosed had some form of earn out.
