Merger and acquisition (M&A) activity in Australia has been noteworthy in 2021, as it recovers from a Covid-induced slump. The busiest advisor this year, at least by number of deals, has been Macquarie Capital. Paradoxically, its natural resources team saw equity transactions actually increase during lockdown.
As Covid took its toll on economic activity, annual Australian M&A declined from $97bn in 2018 to $55bn in 2020, according to Dealogic. In the year to late October 2021, however, volumes had already surged to $203bn.
