Market Updates

Graham Morgan Graham Morgan

Beyond the Streets: Understanding Australia's Homelessness Crisis

Homelessness is a reflection of broader economic and social challenges. With over 223,000 households on social housing waiting lists in 2024, the crisis demands urgent action. By understanding these systemic drivers, we can advocate for lasting change, ensuring no Australian is left without shelter, especially on the coldest of nights.

We need your support to break the cycle of homelessness. https://lnkd.in/gTa7ms5y

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Leigh Golombick Leigh Golombick

Healthscope Enters Receivership as Market Faces Acquisitions and Tax Shifts

Healthscope, one of Australia’s largest private hospital operators, is set to enter receivership after lenders, owed AUD 1.4bn, voted for the move following an unsuccessful sale process. Brookfield, Healthscope’s owner, handed control to lenders after defaulting on debt and rent payments, with only AUD 110m in cash available last week. While six of its 37 hospitals remain profitable, not-for-profit operators like St Vincent’s and Epworth are eyeing takeovers, potentially boosted by AUD 100m in annual EBITDA from payroll tax exemptions

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Leigh Golombick Leigh Golombick

Markets Jittery Amid Rising Yields & Tech Resurgence

Markets delivered a mixed bag this week, with tech stocks rebounding, bond yields climbing, and geopolitical and macroeconomic developments creating volatility. Investors appear cautiously optimistic, reallocating capital towards strength while hedging against fiscal and inflationary pressures.

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Leigh Golombick Leigh Golombick

Takeovers are on the Rise: How Boards Should Respond

With public company takeovers surging across the ASX—nearly $50 billion in deals and 70 bids in FY24 alone—Australian boards are under mounting pressure to be ready for anything. As IPOs slow and foreign capital becomes more aggressive, the importance of proactive takeover readiness is more vital than ever.

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Graham Morgan Graham Morgan

Managing psychosocial risk under increasing governance regulation

The conversation around workplace safety is evolving. With new Australian regulations, boards must now treat psychosocial risks—like stress, bullying, and workplace culture—with the same priority as physical hazards. This shift represents not just compliance, but a critical leadership challenge.

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Leigh Golombick Leigh Golombick

Crypto Bros and Finance Bros ...

Morgan Stanley’s crypto pivot, mixed earnings from global giants, and a cautious but active M&A environment signal a market in motion. From Wall Street to local deals, volatility and innovation are shaping the current business landscape.

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Leigh Golombick Leigh Golombick

Let’s TALK the US Dollar ... (and GOLD)

As the US dollar continues to slide under the Trump administration’s tariff-heavy policies, gold prices are surging and global markets are feeling the ripple effects. Investors are watching closely as de-dollarization gains traction and economic uncertainty deepens.

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Leigh Golombick Leigh Golombick

Market Moves Amid Tariff Tensions

As geopolitical tensions intensify, Australian markets continue to navigate global uncertainty. The ongoing US-China trade war and revived tariffs have placed pressure on Asian dollar bonds and cast a shadow over tech IPOs globally. However, Australia’s venture capital market has seen a Q1 boost—particularly in AI and climate tech—despite rising sovereign risk.

Meanwhile, M&A activity remains strong: KKR finalised a $3.1b acquisition, Five V Capital and Macquarie Capital are advancing local deals, and interest in Australian gold assets heats up. With markets shifting quickly, investors are keeping a close eye on short selling trends, tech policy, and global capital flows.

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Leigh Golombick Leigh Golombick

Australian Sharemarket Surges 4.5%

Australia’s sharemarket experienced its strongest one-day surge in over a year, jumping 4.5% as investor confidence returned following a tariff pause by US President Donald Trump. All ASX sectors posted gains, led by tech, mining, and energy stocks, signaling a wave of optimism for markets and dealmakers alike.

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Leigh Golombick Leigh Golombick

M&A Insights

Borrowers are increasingly turning to private debt over traditional bank solutions, drawn by faster execution, higher leverage, and customised terms. Meanwhile, valuation gaps between buyers and sellers are being addressed through deferred consideration mechanisms and expanded warranty and indemnity (W&I) insurance coverage. Regulatory scrutiny from ASIC, AUSTRAC, and the ACCC continues to shape the M&A landscape, driving more sophisticated due diligence with a focus on technical and regulatory risks. Private equity (PE) deal volume and value are climbing, particularly in technology, healthcare, and energy, while renewable energy and carbon markets see a surge in activity amid shifting capital flows and regulatory uncertainty.

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Leigh Golombick Leigh Golombick

Watch that GOLD

Gold prices have surged once again, breaking records as investors brace for the economic impact of Trump’s incoming "Liberation Day" tariffs. The precious metal soared to $3,150.30 an ounce on Comex, marking a 10.6% gain for the month and a 19.3% rise for the quarter—its best performance since 1986. While some analysts predict further gains beyond $3,200, others warn that gold is now in a precarious zone, signaling a potential pullback.

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Leigh Golombick Leigh Golombick

Valuation in M&A: More Art, Less Science? Or Vice Versa?

In the world of mergers and acquisitions, determining a company's valuation is one of the most challenging—and critical—steps in the negotiation process. The complexities M&A professionals face in bridging valuation gaps, assessing intangible qualities, and navigating biases.

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Leigh Golombick Leigh Golombick

EVP Takes Action Amid Concerns Over Recent Investment - WATCH THIS SPACE ...

Sydney-based venture capital fund EVP has taken swift action following concerns over its recent $17 million investment in Melbourne startup StrongRoom AI. Within two weeks, EVP engaged legal and forensic accounting experts and notified law enforcement in efforts to recover the investment. The startup, valued at $70 million, specialises in medication management and patient engagement software, serving over 1,500 customers in Australia and the UK.

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Leigh Golombick Leigh Golombick

M&A Synch Up

The M&A landscape continues to surge in 2025, with major players making bold moves across cybersecurity, AI, and fintech. Here’s a quick look at the biggest headlines shaping the market.

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Leigh Golombick Leigh Golombick

Debt Capital Markets (DCM)

The Debt Capital Markets (DCM) landscape continues to evolve as investors adapt to shifting interest rates, inflation concerns, and geopolitical dynamics. In this update, we take a quick look at current trends, investor sentiment, and the growing role of technology shaping DCM strategies.

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Louise Jones Louise Jones

Business Exit Planning Strategies in Australia

Exit planning is the strategic process of preparing a business for sale or transition by optimising all aspects to maximise its value. This level of preparation distinguishes extraordinary businesses from the rest.

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