NZ M&A Predictor: Issue 7 | KPMG | NZ

NZ M&A Predictor: Issue 7

NZ M&A Predictor: Issue 7

The September 2015 M&A Predictor reveals the recent flattening of the IPO market has opened up buying opportunities for trade buyers and private equity firms.  

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Strong M&A continues in second quarter

Despite media attention six months ago around a full IPO pipeline for 2015, just one float has actually been executed to date. This has left more opportunities for trade and private equity buyers – with Australian PE buyers being particularly active in getting deals across the line. A number of mid-market and large-cap Australian funds are heading towards the latter stage of their investment period, which is driving interest in available New Zealand-based opportunities.

Key findings from the September 2015 M&A Predictor Issue 7:

  • Globally, confidence and investor appetite levels for the first half of 2015 were strong. However recent equity market volatility may serve to soften confidence in the second half of the year.
  • New Zealand’s market confidence and appetite is up 7% since June 2014; while capacity (based on net debt/EBITDA) is expected to be down 6% by June 2016.
  • Recent capital market volatility is likely to hinder the local IPO market in the near term.
  • Healthcare and education assets continue to be popular, with the education sector in New Zealand in particular seeing a lot of activity in recent months.

© 2017 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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