Australian M&A & Capital Markets Wrap

The Australian mergers, acquisitions and capital markets scene continues to demonstrate resilience in 2025. Activity is spread across infrastructure, resources, gaming, technology and healthcare, with a mix of private equity funds, corporate strategics and unconventional bidders pursuing transactions. Rate cuts, global capital flows and sector-specific momentum are shaping deal strategies as the year progresses.

Private equity’s appetite for large-scale carve-outs, renewed interest from resource players and a willingness among strategic acquirers to leverage balance sheets are driving momentum. With supportive monetary policy, emerging opportunities in AI and critical minerals, and sustained offshore interest, the second half of 2025 is set to remain active for Australian dealmakers.