Anonymous M&A deal activity as it happens, before it's announced to market
Explore live deal activity across Australia and New Zealand by sector, industry and type. Filter for the signal that matters to you, updated as the market moves.
Live deal activity indicators for Australia and New Zealand, Jan 2023 to Aug 2026. Over the past 3 months, deal activity changed -18.2% (May 2026 vs Aug 2026). Over the past 6 months, deal activity changed -8.1% (Feb 2026 vs Aug 2026). Over the past 12 months, deal activity changed -20.4% (Aug 2025 vs Aug 2026).
Deal activity by sector
- Real Estate: 24.1%
- Industrials: 14.8%
- Financials: 13.2%
- Information Technology: 11%
- Consumer Discretionary: 9.1%
- Health Care: 8.2%
- Materials: 5.9%
- Consumer Staples: 5.2%
- Utilities: 5%
- Energy: 2.2%
- Communication Services: 1.3%
Deal activity by industry
- Real Estate: 24.1%
- Software & Services: 9.6%
- Diversified Financials: 9.5%
- Capital Goods: 6.6%
- Health Care Equipment & Services: 6.5%
- Materials: 5.9%
- Commercial & Professional Services: 5.2%
- Utilities: 5%
- Consumer Services: 3.5%
- Food, Beverage & Tobacco: 3.3%
- Transportation: 3%
- Energy: 2.2%
- Banks: 2%
- Pharmaceuticals, Biotechnology & Life Sciences: 1.8%
- Insurance: 1.7%
- Retailing: 1.7%
- Automobiles & Components: 1.5%
- Technology Hardware & Equipment: 1.4%
- Food & Staples Retailing: 1.3%
- Telecommunication Services: 1.3%
- Media: 1.2%
- Consumer Durables & Apparel: 1.2%
- Household & Personal Products: 0.6%
- Semiconductors & Semiconductor Equipment: 0.1%
Deal activity by type
- Merger / Asset Sale / Divestment: 66.3%
- Capital Raise / Private Placement: 12.2%
- Document Repository: 5.2%
- Targeted Acquisition (Buy Side Deal): 4.9%
- Financing / Refinancing: 4.5%
- Bankruptcy / Insolvency: 1.8%
- Joint Venture: 1.3%
- Workflow / Project Management: 1.2%
- Valuation / Strategic Review: 0.7%
- Raising a fund (Financial Sponsors): 0.7%
- IPO: 0.4%
- Investor Reporting: 0.3%
- Post Acquisition Integration: 0.2%
- Asset Lifecycle Management: 0.2%
Deal activity over time (yearly)
| Year | Change |
|---|---|
| Sep 23 - Aug 24 | +50.8% |
| Sep 24 - Aug 25 | -3.1% |
| Sep 25 - Aug 26 | +4.2% |
Deal activity over time (quarterly)
| Quarter | Change |
|---|---|
| Mar 23 - May 23 | +105.3% |
| Jun 23 - Aug 23 | -2% |
| Sep 23 - Nov 23 | 0% |
| Dec 23 - Feb 24 | -26.2% |
| Mar 24 - May 24 | +39.8% |
| Jun 24 - Aug 24 | -0.8% |
| Sep 24 - Nov 24 | -6.1% |
| Dec 24 - Feb 25 | -26.4% |
| Mar 25 - May 25 | +36.6% |
| Jun 25 - Aug 25 | +7.3% |
| Sep 25 - Nov 25 | -0.6% |
| Dec 25 - Feb 26 | -25.5% |
| Mar 26 - May 26 | +40.6% |
| Jun 26 - Aug 26 | -12.3% |
Deal activity over time (monthly)
| Month | Change |
|---|---|
| Feb 2023 | +57.3% |
| Mar 2023 | +13.2% |
| Apr 2023 | -9.4% |
| May 2023 | +16.8% |
| Jun 2023 | -20.4% |
| Jul 2023 | +18.1% |
| Aug 2023 | +7.6% |
| Sep 2023 | -7.1% |
| Oct 2023 | -0.6% |
| Nov 2023 | -6.5% |
| Dec 2023 | -37.3% |
| Jan 2024 | +19.2% |
| Feb 2024 | +27.1% |
| Mar 2024 | +16.7% |
| Apr 2024 | -8% |
| May 2024 | +9.9% |
| Jun 2024 | -13% |
| Jul 2024 | +8.4% |
| Aug 2024 | +12.6% |
| Sep 2024 | -13.3% |
| Oct 2024 | +4.3% |
| Nov 2024 | -14.7% |
| Dec 2024 | -30.3% |
| Jan 2025 | -1% |
| Feb 2025 | +51% |
| Mar 2025 | +9.9% |
| Apr 2025 | -6.6% |
| May 2025 | +3.2% |
| Jun 2025 | -3.7% |
| Jul 2025 | +14.3% |
| Aug 2025 | +5.7% |
| Sep 2025 | -7% |
| Oct 2025 | +17.3% |
| Nov 2025 | -32.5% |
| Dec 2025 | -27.7% |
| Jan 2026 | +23.2% |
| Feb 2026 | +32% |
| Mar 2026 | +19.3% |
| Apr 2026 | -14.6% |
| May 2026 | +10.4% |
| Jun 2026 | -3.9% |
| Jul 2026 | -14.4% |
| Aug 2026 | -0.7% |
All sectors
All industries
All deal types
Deal volume - August 2025 to August 2026
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