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❇️ New Deals
Quanta - PSD
Other Heavy and Civil Engineering Construction | Engineering Design and Engineering Consulting Services | Corporate Head Office Management Services
Quanta Services Australia Pty Ltd proposes to acquire 100% of the shares in PSD Global Holdings Pty Ltd. Both companies operate in the engineering, design, procurement, and construction of high voltage electricity infrastructure, including substations and Battery Energy Storage Systems. This share acquisition consolidates expertise in the energy sector.
Novartis / Excellergy
Pharmaceutical and Toiletry Goods Wholesaling | Financial Asset Investing | Scientific Research Services
Novartis Finance Corporation proposes to acquire 100% of the capital stock of Excellergy, Inc. This share acquisition involves global medicines company Novartis and private biotechnology firm Excellergy, which develops anti-IgE therapies for allergic diseases, with an asset in Phase 1 clinical evaluation. Novartis supplies medicines in Australia.
Tony White Group - Sharton Motors dealerships in Maitland, Port Stephens and Cardiff
Car Retailing
TWG Hunter Dealerships Pty Ltd, associated with Tony White Group, is acquiring 95% of the share capital of Sharton Motors Pty Ltd and its associated dealership land. Sharton Motors operates four motor vehicle dealerships in the Newcastle and Hunter Valley region of New South Wales. This car retailing transaction expands Tony White Group's existing presence.
Seismic – Highspot
Software Publishing | Financial Asset Investing | Management Advice and Related Consulting Services
Seismic Software, Inc. proposes to acquire 100% of Highspot, Inc.'s share capital via merger. Both are US-headquartered business-to-business sales enablement software platforms with Australian operations, offering AI-enhanced solutions for enterprise sales teams. Permira Advisers LLP will remain Seismic's controlling shareholder.
OpenAI - Tomoro
Data Processing and Web Hosting Services | Computer System Design and Related Services
OpenAI Group PBC, controlled by the OpenAI Foundation, proposes to acquire 100% of the shares in Tomoro AI Ltd. OpenAI develops artificial intelligence foundation models and services. Tomoro is an AI delivery consultancy, assisting businesses with implementing AI solutions, often based on OpenAI's technology.
Rubik Australia Pty Limited - Qube Holdings Limited
Road Freight Transport | Rail Freight Transport | Stevedoring Services | Port and Water Transport Terminal Operations | Freight Forwarding Services | Other Transport Support Services n.e.c. | Grain Storage Services | Other Warehousing and Storage Services
A consortium led by Macquarie Asset Management, with UniSuper and Pontegadea Shareholdings Luxembourg Sàrl, proposes to acquire 100% of Qube Holdings Limited. This share acquisition, via scheme of arrangement, involves Qube, an integrated logistics and infrastructure provider operating across Australia and beyond.
3M and funds managed and/or advised by Bain Capital - Madison Fire & Rescue
Other Professional and Scientific Equipment Manufacturing | Other Machinery and Equipment Wholesaling n.e.c. | Fire Protection and Other Emergency Services
3M Company and funds managed by Bain Capital Investors, LLC are forming a new limited partnership. This joint venture will acquire Madison Safety & Flow Holdings LLC and 3M's self-contained breathing apparatus business. 3M will hold 50.1% and Bain Capital 49.9% of the JV, which operates in first responder equipment manufacturing.
Medtronic - Scientia
Medical and Surgical Equipment Manufacturing
Medtronic plc, via its subsidiary, proposes to acquire medical device company Scientia Vascular, Inc. Both parties are global suppliers of neurovascular guidewires in Australia. Medtronic is a healthcare technology company, and Scientia specialises in microfabrication technology for guidewires and catheters.
Still trying to wrap your head around the ACCC’s new merger laws?
We’ve got an overview of the new regime here and guides from leading law firms explaining it all.
✅ Recently Approved
eBay / Depop
Retail Commission-Based Buying and/or Selling | Advertising Services
eBay Inc. is acquiring 100% of the shares in Depop Limited from Etsy, Inc. This global transaction involves e-commerce online marketplace services, where eBay operates a generalist platform and Depop specialises in pre-owned fashion. The acquisition has been approved.
Ochre Health - New Lambton Family Practice, NSW
General Practice Medical Services
Genesis Capital-backed Ochre Health Pty Limited is acquiring the business and assets of New Lambton Family Practice, a general practice medical service in New Lambton, New South Wales. Ochre Health operates 69 medical centres and urgent care clinics across Australia.
AustralianSuper - IFM Global Infrastructure (Australia) Trust
Financial Asset Investing | Superannuation Funds
AustralianSuper, an Australian industry superannuation fund managing over $410 billion, is acquiring additional interests in the IFM Global Infrastructure (Australia) Trust. This transaction involves a feeder fund investing in a global infrastructure fund focused on transport, utilities, energy transmission, and digital infrastructure assets.
DP World Global Forwarding – Pure Global Logistics
Freight Forwarding Services
DP World Global Forwarding, part of UAE-controlled DP World Logistics Oceania, is acquiring 100% of the shares in Australian freight forwarder Pure Global Logistics. Both companies provide international freight forwarding services to Australian customers, with Pure Global Logistics specialising in air/sea transport and customs clearance.
CRH - Axius Water
Other Machinery and Equipment Manufacturing n.e.c.
CRH Americas Products, Inc. and Oldcastle Infrastructure, Inc. (CRH Plc subsidiaries) acquire 100% of Axius Water's partnership interests. Axius Water, majority-owned by KKR & Co. Inc. subsidiaries, supplies wastewater treatment nutrient removal solutions. CRH Plc has Australian precast concrete infrastructure and water filtration interests.
Allied Retail Finance – automotive retail finance assets of Macquarie Leasing
Non-Depository Financing
Allied Retail Finance Pty Ltd, a subsidiary of Allied Credit Pty Ltd, will acquire Macquarie's remaining portfolio of automotive loans, leases, and associated assets. This asset sale is part of Macquarie's ongoing staged exit from the automotive finance industry. Allied Credit provides various vehicle and equipment finance solutions in Australia.
Cement Australia – Global Manufacturing Group
Boiler, Tank and Other Heavy Gauge Metal Container Manufacturing | Metal Coating and Finishing | Engineering Design and Engineering Consulting Services | Labour Supply Services | Other Machinery and Equipment Repair and Maintenance
Cement Australia Holdings Pty Limited's subsidiary, DGH Design and Fabrication Services Pty Ltd, proposes to acquire 100% of the Gladstone business assets of Aylward Dowling And Wall Pty Ltd, trading as Global Manufacturing Group. This asset acquisition is in the fabrication and metal engineering services industry, specifically concerning Global Manufacturing Group's Gladstone workshop.
Australian Venue Co – assets of White Cockatoo Hotel, Petersham
Pubs, Taverns and Bars
AVC Operations Pty Ltd, a subsidiary of Australian Venue Co. Holdings Limited, is acquiring substantially all the assets of the White Cockatoo Hotel from Petersham Pub Pty Ltd. This asset sale involves a licensed hotel in the pubs, taverns, and bars sector, expanding the group's portfolio of over 200 venues.
Daikin - AAMS Group
Fixed Space Heating, Cooling and Ventilation Equipment Manufacturing | Air Conditioning and Heating Services | Fire and Security Alarm Installation Services
Daikin Industries, through its subsidiary Airmaster Corporation, has completed an asset acquisition of Australian Air Conditioning & Mechanical Services Group (AAMS Group) from Damday Pty Ltd. This expands Daikin's commercial and industrial HVAC and mechanical services footprint, integrating AAMS Group's Darwin operations into Airmaster's national building services.
Ventura Motors – Crown Coaches
Urban Bus Transport (Including Tramway)
Ventura Motors, an Australian bus operator, acquired the business assets of Crown Coaches. Both companies provide metropolitan, public school, and private charter bus services in Melbourne. This asset sale includes vehicles, plant, equipment, and intellectual property.
BHP – expansion of Special Mining Lease at Olympic Dam, SA
Copper Ore Mining | Gold Ore Mining | Silver-Lead-Zinc Ore Mining | Other Metal Ore Mining | Copper, Silver, Lead and Zinc Smelting and Refining
BHP Olympic Dam Corporation Pty Ltd, owned by BHP Group Limited, is acquiring additional mining rights from the State of South Australia. This asset acquisition expands the existing Special Mining Lease 1 at Olympic Dam, South Australia, to increase mining activity and potentially expand mineral processing facilities for copper, gold, silver, and uranium.
Eli Lilly – acquisition of licence from CSL Behring
Human Pharmaceutical and Medicinal Product Manufacturing | Scientific Research Services
Eli Lilly will acquire an exclusive licence from CSL Behring, a subsidiary of Australian-listed CSL Limited. The biopharmaceutical licence grants Eli Lilly rights to develop and commercialise Clazakizumab, a monoclonal antibody, for new cardiovascular indications. CSL Behring retains rights for end-stage kidney disease.
Swiss Re - QBE Insurance's Trade Credit and Surety business
General Insurance
Swiss Re International SE acquired certain assets of QBE Insurance Holdings Pty Ltd's Credit & Surety business. This asset sale includes data, employees, and renewal rights. The transaction involves general insurance, specifically non-payment, trade credit insurance, and surety bonds, impacting the insurance and reinsurance sector.
Sembcorp Industries Ltd - Alinta Energy
Electricity Supply | Electricity Generation | Fossil Fuel Electricity Generation | Other Electricity Generation | On Selling Electricity and Electricity Market Operation | Gas Supply | Gas Supply
Singaporean Sembcorp Industries Ltd will acquire Australian 'gentailer' Alinta Energy Ltd and Latrobe Valley Power via a 100% share sale. The deal includes Alinta's 3.4GW generation assets, 10.4GW renewable pipeline, and the Loy Yang B power station, expanding Sembcorp's energy and gas supply operations.
Francisco Partners - Blackline Safety
Oil and Gas Extraction | Human Pharmaceutical and Medicinal Product Manufacturing | Sewerage and Drainage Services | Road Freight Transport | Fire Protection and Other Emergency Services
Francisco Partners, through Apollo Purchaser, Inc., is acquiring all shares of Blackline Safety Corp., a Canadian company with an Australian subsidiary. Blackline Safety provides SaaS and hardware for worker safety monitoring, serving sectors including oil and gas and transport. This share acquisition will privatise Blackline Safety.
Mayfair Corporation – Phosphate Hill
Fertiliser Manufacturing
Mayfair Australia Corporation, via Ryowa II GPS Pty Ltd, is acquiring the Phosphate Hill fertiliser mine and manufacturing plant assets, and 100% of PH Queensland Gas Pty Ltd shares, from Dyno Nobel Limited and Southern Cross Operations Pty Ltd. This allows Mayfair to enter the agriculture industry, while Dyno Nobel exits its fertiliser business.
Eagers - Audi Melbourne and Audi Richmond
Car Retailing | Motor Vehicle Parts Retailing
Eagers Automotive Limited, a publicly listed automotive retail group, has acquired the assets of Audi Centre Melbourne and Audi Richmond from Zagame Automotive Group Pty Ltd. This asset sale expands Eagers' portfolio into the luxury automotive retail sector, adding Audi dealerships to its Australian operations.
❌ Recently Rejected
Energy Bay - Rights to install/operate embedded networks and other assets from Centuria Capital Group members
Other Electricity Generation | Electricity Distribution | On Selling Electricity and Electricity Market Operation | Electrical Services
Energy Bay Kappa Fund is acquiring energy infrastructure assets and exclusive rights to operate existing embedded networks at 49 sites, and install/operate new networks at 211 sites, from Centuria Capital Group members. This asset sale involves distributed energy infrastructure and embedded network services, plus rights of refusal for further sites.
Herron Todd White – CJA Lee Property Valuers
Real Estate Services
Herron Todd White (Bidco) Pty Ltd proposes to acquire 100% of the shares in CJA Lee Property Pty Ltd. This share acquisition combines two Australian property valuation and advisory firms. Both predominantly provide residential valuations to authorised deposit-taking institutions, with CJA Lee Property also offering energy advisory services in Gippsland/south-east Victoria.
🔁 Pending Deals
Notification — Phase 1 (initial assessment)
WPF DURATEC PTY LTD / Davhold Australia Pty Ltd: submitted 4 May 2026; expected 17 Jun 2026; MN-75018 ↗
News – acquisition of 20% of National Distribution Services: submitted 4 May 2026; expected 17 Jun 2026; MN-35014 ↗
Paramount Skydance / Warner Bros. Discovery: submitted 29 April 2026; expected 12 Jun 2026; MN-45006 ↗
Fulton Hogan – Avionics: submitted 28 April 2026; expected 11 Jun 2026; MN-75016 ↗
Barro Group / BQC Quarries and Burdekin Concrete: submitted 28 April 2026; expected 11 Jun 2026; MN-60011 ↗
Saipem S.p.A / Subsea7 S.A.: submitted 27 April 2026; expected 10 Jun 2026; MN-01072 ↗
Genea - Embrace Fertility: submitted 27 April 2026; expected 10 Jun 2026; MN-05009 ↗
Australian Meat Group Pty Ltd - Killara Feedlot Pty Ltd: submitted 24 April 2026; expected 10 Jun 2026; MN-20012 ↗
WIN Television Network - NBN Enterprises & Television Holdings Darwin: submitted 24 April 2026; expected 10 Jun 2026; MN-50008 ↗
Gilead - Ouro: submitted 22 April 2026; expected 5 Jun 2026; MN-60014 ↗
MassMutual, Rest, Aware Super and Goodman – Moorabbin Airport: submitted 21 April 2026; expected 4 Jun 2026; MN-10012 ↗
Zurich - ClearView: submitted 21 April 2026; expected 4 Jun 2026; MN-55016 ↗
Accenture - Ziff Davis' connectivity business: submitted 17 April 2026; expected 2 Jun 2026; MN-10013 ↗
Global Infrastructure Management – TCR: submitted 16 April 2026; expected 29 May 2026; MN-70014 ↗
Trescal – TR Calibration: submitted 14 April 2026; expected 10 Jun 2026; MN-90009 ↗
Peter Warren - Wakeling Automotive: submitted 5 March 2026; expected 2 Jun 2026; MN-30002 ↗
Notification — Phase 2 (detailed assessment)
Insurance Australia Group – RAC Insurance: submitted 3 March 2026; expected 26 Aug 2026; MN-65005 ↗
MicroStar Logistics - Konvoy: submitted 20 February 2026; expected 18 Aug 2026; MN-30003 ↗
Coles – supermarket and liquor site in Kalgoorlie, WA: submitted 27 November 2025; expected 12 Jun 2026; MN-01068 ↗
Ampol – EG Australia: submitted 10 October 2025; expected 5 Jun 2026; MN-01019 ↗