Harsh Batra
After a brief pause we’re back with your latest edition of Teaser Australia, bringing you all the news on Australian M&A.
This fortnight, Teaser Australia’s tracker captured 45 deals involving Australian companies or assets. Materials was easily the busiest sector, accounting for 18 transactions – nearly four in ten of everything we tracked – while financial services and industrials each added four more.
This fortnight’s highlights are:
- DigitalBridge agreed to acquire Ausgrid’s smart metering business, Plus ES, in a deal reported at more than A$3bn.
- CVC Capital Partners took a controlling stake in A$700m building repair group Ambrose Construct Group.
- Stanmore Resources agreed to acquire 100% of Exxaro’s Moranbah South coal assets, extending its Queensland footprint.
For more insights and conversations about the market, connect with me on LinkedIn. Enjoy the read.
Fortnight’s summary | From August 25 to September 7, 2026
We recorded 45 deals involving Australian companies or assets over the past fortnight. Materials was the standout sector, accounting for 18 transactions – almost 40% of total activity – while financial services and industrials each contributed four deals apiece, and real estate, technology and energy each added three.
The domestic/foreign split leaned heavily onshore this fortnight: 29 deals were domestic, seven were inbound and nine were outbound. Within Materials, the domestic deals were almost entirely gold and critical-minerals consolidation among ASX-listed juniors – Evolution’s stake buy in Carnaby Resources, Forrestania’s acquisition of the Edna May gold hub from Ramelius, and Cazaly’s move on the Goongarrie project among them.
Outbound activity, by contrast, was almost exclusively resource-focused: Sentinel Metals, Sun Silver and Olympio Metals each added US gold and silver exposure in Nevada and Idaho, Capstone Copper advanced into Chile, and Santos increased its stake in the Papua LNG project.
Inbound capital told a different story again, concentrated in infrastructure and financial services rather than resources – DigitalBridge’s purchase of Ausgrid’s Plus ES smart-metering arm was the standout, alongside CVC’s investment in Ambrose Construct Group and MUFG’s acquisition of superannuation administrator GROW Inc.
Rumour mill
- Private equity giant Ares hires MacCap for MaxiPARTS deal
- Healthscope lenders face crucial vote on hospital giant’s future
- Nestle hires Houlihan Lokey for Go Healthy vitamin sale
- Private equity giants KKR and Carlyle circle in race for ExxonMobil’s NZ business
- Volue walks away from $500m bid for ASX-listed Energy One
- HSBC puts $20b in deposits up for sale amid exit from retail banking
- Pengana goes to Takeovers Panel over Geoff Wilson control battle
- Lynas Rare Earths says it was in takeover talks earlier this year
- FleetPartners bidding war: Goldman Sachs, Morgan Stanley join race as advisers
- Bids land for Stack’s $25b-plus data centres; MacCap lurks
- Bellevue Gold eyes Catalyst Metals scrip merger deal
- I Squared, Stonepeak circle $6bn freight group
- Ramelius eyes Northern Star’s $800m Carosue Dam gold mine
- Shareholders probe majority owner’s low-ball bid for Canyon Resources
- ANZ eyes Judo Bank purchase amid mortgage overexposure
- Hanwha deal for Austal hits turbulence
- Anchorage in driver’s seat for NRMA’s SIXT Australia
- Dental Boutique seeks growth partner at $500m-plus valuation
- Mt Cattlin lithium mine sale: Develop Global among Rio Tinto suitors
- EQT, Bain Capital circle Blackstone’s clinical trials business
- PDI Gold rivals B2Gold, Perseus Mining in Turaco Gold pursuit
- L Catterton in exclusive talks at Eureka, mulls Aussie pet food bet
- L1 Capital backs Ausgold’s $776m bid as Jeremy Raper blasts it
- NYSE-listed digital infrastructure giant to buy Ausgrid’s $3b Plus ES
- Pacific Current Group schtum on June offer as River Capital dials in
- Sequoia gives InterPrac sale a second shot
- Canadian and Japanese investors circle Australian firms
- Judo Bank in talks for potential sale amid share price slump
- Bupa eyes $2 billion sale of its aged care homes
- Tribeca tests waters for $250m ASX-listed credit fund
- Genetic Signatures and Microba in Merger Discussions
- Australian property developer Ingenia offers to buy Peet in $711 million deal
- BGH Capital revives $643m EQT Holdings bid with Perpetual insider
- Pickles Auctions up for sale as Warburg Pincus enters $1bn bid
- PE hounds sniff around Eureka Pet Co; L Catterton eyed
- Sydney billionaire unveiled as SkyCity’s mystery bidder
- Tokio Marine eyeing Suncorp acquisition
- Petbarn owner Greencross back in Coles’ sights after results
- Private equity firms favoured to win $1bn Programmed auction
- Canyon Resources to show its hand at bauxite project after low-ball bid
- EQT soldiers on at Cleanaway Waste despite big earnings miss
- AustSuper lifts Reliance Worldwide stake after $3.6bn buyout
- EVT hires Rothschild to weigh sale of Event Cinemas, Rydges
- Oaktree Capital weighing deal to buy SkyCity Entertainment
- Austal confirms talks with Wildcat Infrastructure over US sale
- Australia’s Ingenia rejects Warburg Pincus’ $1.4 billion offer, sticks with Peet acquisition
- Hostplus-backed drone play AMSL Aero hangs up ‘for sale’ sign after cutting jobs
- Sydney brothers’ data centre supplier eyes $1b-plus val as PE dials in
- Top China steelmaker Baowu eyes stake in BHP iron ore mine, sources say
Job moves
- Mutual Trust turns to Grant Thornton, EY for Partners
- MLC Expand leans into tech innovation via new senior hire
- Swyftx appoints permanent CEO, chair
- APS appoints new chief executive
- Ausbil bolsters Australian equities team
- Former UBS Asset Management executive pops up at RAM
- Jarden makes five new hires after Barrenjoey raid
- ScotPac hires former ANZ business bank boss Clare Morgan as CEO
- Invesco APAC head to retire
- Appointment of John Eales AM as Non-Executive Director
- Capital Group makes C-suite appointment
- WaveStone Capital buffs up senior team via appointment
- American Century names APAC managing director
- KKR dealmaker Aaron Tan hired by AI tearaway Iren
- Schroders expands equities team as assets top $10b
IPOs
- Wiluna Mining prepares to file documents for ASX relisting
- Oliver Curtis’s history clouds Firmus’s $15bn IPO plans
- Firmus tipped to be eyeing $4bn October IPO
- Vanguard launches floating-rate bond ETF on ASX
- Powerhaus Uranium Lists on the ASX
- Canva steps up US public market preparations with IPO-focused hiring push
Fundraising
- Listed player Manuka hunts cash after restarting gold mine
- Firmus invests USD300m in Subco’s trans-Pacific cable APX East
- WAM Leaders raises $313m through SPP and upscaled Placement
- $450,000 Placement to Fund Codexa Commercialisation
- Talisman Announces $4.0 Million Capital Raising to Accelerate Exploration and Growth
- Eucalyptus co-founder backs Pearler’s $16m Series A raise
- Slades Beverages takes first equity stake in oat milk brand OMG as plant-based group raises $1.5m
- Andean Announces Successful A$40 Million Raising
- A$16.5M Placement Secured to Accelerate Growth
- IVF startup GonGlobal raises $1.2 million for needle-free treatments
- Kiwi comms startup Drumbeat bags NZ$2M to help founders tell their stories
- Advanced manufacturing player Titomic raising $15m
- Caledonia cashes out $375m in Light & Wonder block trade
- APG tops up MaxCap mandate
- Australian instos inject $705m into Nuveen strategy
- West Coast Silver A$6 million placement
- Percheron raises $2.3m to fully fund clinical trial in AML
- $6M Placement to Accelerate Elizabeth Hill Exploration
- Sequoia sells down Centrepoint stake as cash-raising plan takes shape
- I Squared Capital forays into Aussie private wealth space
- Airwallex tips $1 million into 10 AI startups
- Anti-scammer startup Apate.AI nabs $11.4 million Seed raise amid US move
- BHM Executes Fully Underwritten A$90m Capital Raising
- $12.5M Placement to Advance the Shafter Silver Project
- $4M Placement to Advance High-Grade Nielle Gold Project
- $30 Million Placement Positions Falcon to Expand Drilling
- Australian Start-Up Raises A$3 Million [$2.1 Million] to Make Ammonia from air and water
- Aura Group launches PE income fund
- AQZ completes institutional component of $40m raising
- Successful A$190m raising to fund development and growth
- $12.85 million Capital Raising to advance As Safra
- Pay.com.au banks $39 million Series E for US launch
- Superhero on track for $186m valuation as Salter Bros tips in
- Macquarie asset management provides €125 million debt financing to Eurofiber
- Blackbird nails 2nd $1 billion fund
