In the Australian financial services industry, there were 24 M&A deals announced in Q4 2023, worth a total value of $299.7m, according to GlobalData’s Deals Database. The $96.8m majority acquisition of Combined Agency Group by Steadfast Group was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.

In value terms, M&A activity in Australia increased by 228% in Q4 2023 compared with the previous quarter’s total of $91.3m and fell by 12% as compared to Q4 2022. Related deal volume increased by 9% in Q4 2023 versus the previous quarter and was 33% higher than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in Australia in Q4 2023 were ARC Group; Highbury Partnership; MA Moelis Australia Advisory with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in Australia Q4 2023 were Linklaters; Biztech Lawyers; Dentons UK and Middle East with 2, 1, 1 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.