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APAC MID-MARKET M&A REPORT Q3 | 2024

APAC Mid-Market Mergers and Acquisition Report | Q3 2024

Benjamin Yeo

Moore Australia is a network of independent accounting, audit and advisory firms across Australia, and an independent member of the Moore Global Network, the 11th largest professional services network, globally.

Highlights of the report include: 
  • Deal volumes in APAC fell by 8% in Q3 FY24, mirroring a global trend, with the ANZ region experiencing a significant 32% decrease.

  • While IT and Services sectors remained active, notable transactions occurred in consumer foods, including the sale of Sara Lee out of administration.

  • APAC saw a decrease in transaction volumes to 1,419 deals, with Japan leading in the number of deals announced.

  • Increasing interest in the industrial sector, particularly those with an ESG angle, alongside ongoing activity in IT and services.

  • A&NZ's share of global M&A fell to 8% in Q3 FY24, while APAC's overall share increased, driven by Japan and India.

  • Average EBITDA multiples increased from 11x to 15x, with consumer foods and industrials leading the rise.

  • The report emphasises the importance of considering sample size and deal-specific factors when analysing transaction multiples.

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