DLA Piper tips M&A surge in Albanese's economy
The law firm, which tops global league tables on deal advice, is tipping more activity in the defence, healthcare and infrastructure sectors.
Global law firm DLA Piper's Australian head of corporate Jyoti Singh and partner David Holland are predicting that the policy certainty provided by the recent federal election result will drive an increase in mergers and acquisitions activity this year.
The pair, who have in recent times have advised David di Pilla's HMC Capital and AirTrunk on its sale to Blackstone say renewables, the energy transition and key areas of infrastructure are becoming the most active sectors in the Australian economy for mergers and acquisitions, as cashed-up corporates sniff out deals and the newly elected Federal Government lays down its priorities.
“We work for some of the biggest funds in the energy transition space. We’ve now got a government who is there for three or four more years, and those funds are now happy to put money down and invest in battery assets,” Singh said.
In its latest global report, DLA Piper, which claims to advise on more corporate deals globally than any other law firm, is predicting a 10% increase in M&A volume across the APAC region this year. M&A volume in the region hit USD692.1 billion ($1.08 trillion) last year.
