King & Wood Mallesons’ M&A team has started the year strongly, topping both Mergermarket and Refinitiv’s M&A league tables for Q1 2023.
KWM advised on transactions across Australia and New Zealand with a combined value of approximately $33 billion. The firm's leading position included:
- First for deal value in Australasia (Mergermarket)
- First for deal value in Australia and New Zealand (Refinitiv)
Commenting on results M&A Practice Co-Leader Rachael Lewis said:
“This is a terrific result, demonstrative of the trust and confidence our clients have in us.”
Further commenting on the results M&A Practice Co-Leader David Eliakim said:
“The deals we have been involved in reflect the appetite corporates and sponsors have to undertake strategic M&A that has the potential to create lasting stakeholder value, notwithstanding the more constrained macroeconomic environment, consistent with the themes shared in KWM’s M&A in the City.”
KWM is advising on a number of significant deals announced during the quarter, including:
- $29b proposed acquisition of Newcrest Mining Limited by Newmont Corporation
- $1.6b hostile reverse off-market takeover bid for Healius Limited by Australian Clinical Labs Limited
- $2.4b sale of Waggaman Ammonia Production Facility to CF Industries by Incitec Pivot Limited
