This week’s update includes 9 new filings, including Eli Lilly’s dual transactions -securing a licence from CSL Behring and acquiring Orna Therapeutics - alongside Swiss Re’s acquisition of QBE’s Trade Credit & Surety business and Dubai Aerospace Enterprise’s proposed takeover of Macquarie AirFinance.
A further 14 transactions were approved, including deals such as Yancoal’s increased stake in the Kestrel Coal Mine, Adobe’s acquisition of Semrush, and multiple energy and infrastructure investments across LNG and transport-linked assets.
2 waivers were rejected in car retailing and veterinary services.
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❇️ New Deals
Eli Lilly – acquisition of licence from CSL Behring
Human Pharmaceutical and Medicinal Product Manufacturing | Scientific Research Services
US-based Eli Lilly and Company will acquire an exclusive licence from CSL Behring LLC, a subsidiary of Australian-listed CSL Limited. This transaction grants Eli Lilly rights to develop and commercialise Clazakizumab, an anti-interleukin-6 monoclonal antibody, for new cardiovascular indications.
Trescal – TR Calibration
Other Electrical and Electronic Goods Wholesaling | Scientific Testing and Analysis Services | Electronic (except Domestic Appliance) and Precision Equipment Repair
Trescal Holding Pty Ltd, a subsidiary of French company Trescal International SAS, proposes to acquire the TechRentals Calibration & Sales business from TR Pty Ltd, a subsidiary of UK-listed Vp plc. This business acquisition involves calibration services and measurement equipment sales across Australia, where both parties operate.
Lawrence & Hanson - Gordon Macdonald
Other Electrical and Electronic Goods Wholesaling
Lawrence & Hanson Group Pty Ltd, an Australian wholesaler of electrical, lighting and data products owned by Sonepar, proposes to acquire the business and assets of Gordon Macdonald Pty Ltd. Gordon Macdonald is a New South Wales based wholesaler in the same industry, primarily serving trade and industrial customers. This transaction is structured as an asset sale.
Swiss Re - QBE Insurance's Trade Credit and Surety business
Swiss Re International SE proposes to acquire the Trade Credit & Surety business assets from QBE Insurance Holdings Pty Ltd. This asset acquisition, encompassing data, employees, and renewal rights, is in the general insurance sector, specifically non-payment, trade credit, and surety bond insurance.
Estia Health – Norsan residential aged care business
Aged Care Residential Services | Other Residential Care Services
Estia Investments Pty. Ltd. proposes to acquire substantially all business assets of three residential aged care homes from Norsan Pty Ltd. This transaction involves Estia, a large operator of over 90 aged care homes, acquiring Norsan's three facilities. Both parties are providers of residential aged care services in metropolitan Melbourne.
Dubai Aerospace Enterprise - Macquarie AirFinance
Other Motor Vehicle and Transport Equipment Rental and Hiring
Dubai Aerospace Enterprise DAE Ltd proposes to acquire 100% of the issued share capital in Macquarie AirFinance Limited. This share acquisition involves two globally active aircraft lessors, both supplying aircraft dry leases to airlines, primarily for regional, narrow-body, and wide-body aircraft.
Eli Lilly / Orna Therapeutics
Human Pharmaceutical and Medicinal Product Manufacturing | Scientific Research Services
Eli Lilly and Company, a US-based pharmaceutical company, proposes to acquire 100% of the shares in US-based pre-clinical biotechnology company Orna Therapeutics Holdings, LLC. This share acquisition expands Eli Lilly's human pharmaceutical portfolio with Orna Therapeutics' circular RNA and advanced T-cell therapies for autoimmune disorders and cancer.
REA Group - Simplicity Loans & Advisory
Other Auxiliary Finance and Investment Services
REA Group, a digital advertising and mortgage brokering services provider, proposes to acquire 70% of the shares in Simplicity Loans & Advisory Pty Ltd. This share acquisition involves REA Group's subsidiary, REA Financial Services Holding Co. Pty Ltd, taking a stake in a boutique commercial and developer mortgage broker.
Journey Beyond – Kakadu Crocodile Hotel
Accommodation | Scenic and Sightseeing Transport | Amusement and Other Recreational Activities n.e.c.
Experience Australia Group, via JB Kakadu Hotel Pty Ltd, proposes to acquire the Kakadu Crocodile Hotel business and assets, and a 100% leasehold interest in the land, from Kakadu Tourism (GCH) Pty Limited and Gundjeihmi Aboriginal Corporation Jabiru Town. This transaction involves a 110-room hotel in Kakadu National Park, within the tourism and accommodation sector.
✅ Recently Approved
Opal HealthCare – Greenwich Place residential aged care home
Aged Care Residential Services
Opal Healthcare (DPG Services Pty Ltd and OHCA Property Holdings Pty Ltd) is acquiring the Greenwich Place residential aged care home, a 90-bed facility in Greenwich, Sydney. This asset acquisition involves DPG Services Pty Ltd purchasing the business and OHCA Property Holdings Pty Ltd acquiring the land.
Gilead - Arcellx
Human Pharmaceutical and Medicinal Product Manufacturing | Scientific Research Services
Gilead Sciences, Inc., a biopharmaceutical company, is acquiring all outstanding shares of clinical-stage biotechnology company Arcellx, Inc. via a cash tender offer. Arcellx will become a wholly owned subsidiary. This consolidates their existing co-development of cell therapies for cancer, including anito-cel for multiple myeloma.
Maas – 50% acquisition of COLAS’ Caloundra asphalt plant and 100% of COLAS’ Tomago asphalt plant
Other Petroleum and Coal Product Manufacturing | Road and Bridge Construction
Maas Group Holdings Limited acquired hot-mix asphalt businesses from COLAS Australia Group Pty Ltd. The transaction involved a 50% interest in an incorporated joint venture for the Caloundra asphalt plant and a 100% acquisition of the Tomago asphalt plant. These operations are within the road and bridge construction and petroleum product manufacturing sectors.
Yancoal - Kestrel Coal Group
Iron Smelting and Steel Manufacturing | Fossil Fuel Electricity Generation
Yancoal Australia Limited is acquiring 100% of the shares in Kestrel Coal Group Pty Ltd from investment funds managed by EMR Capital Management Limited and Adaro Capital Limited. This share acquisition will give Yancoal an 80% interest in the Kestrel Coal Mine, a Queensland metallurgical and thermal coal producer, expanding its coal mining operations.
Lighthouse - Precise Services Group
Plumbing Services | Electrical Services | Air Conditioning and Heating Services | Carpentry Services
Alpine Investors-backed Lighthouse Service Partners Holdco proposes to acquire 100% of the share capital in Precise Services Group (Precise Plumbing, SA Pipe Relining, and Precise Trade Services). This share acquisition expands its integrated building services, including plumbing, electrical, and HVAC, for residential and commercial customers in the Greater Adelaide region.
Adobe - Semrush
Software Publishing | Computer System Design and Related Services
Global technology company Adobe Inc. proposes to acquire 100% of the share capital in Semrush Holdings, Inc. via a merger. Adobe will gain Semrush's online visibility management and content marketing services, including search engine optimisation. Both supply software for enterprise customers, with an overlap in generative engine optimisation.
Coles – supermarket site in New Norfolk (TAS)
Supermarket and Grocery Stores | Non-Residential Property Operators | Real Estate Services
Coles Supermarkets Australia, a Coles Group Limited subsidiary, will lease a new 2,600 square metre standalone supermarket developed by Tipalea Private No.31 Pty Ltd at 120 Glebe Road, New Norfolk, Tasmania. This property development and leasing deal involves a major supermarket operator expanding its retail footprint.
Idemitsu - MidOcean Energy
Coal Mining | Oil and Gas Extraction
Japanese oil-refining and coal mining company Idemitsu is acquiring minority interests in Australian LNG projects from MidOcean Energy, a global LNG platform. The projects, including Queensland Curtis LNG, Gorgon LNG, and Pluto LNG, are involved in natural gas extraction and production.
Discovery Holiday Parks – Habitat Noosa Everglades Eco Camp
Accommodation | Cafes and Restaurants | Travel Agency and Tour Arrangement Services
Discovery Holiday Parks Pty Limited, a Discovery Parks Holdings Pty Limited subsidiary, is acquiring the business of operating and managing Habitat Noosa Everglades Eco Camp. This asset acquisition expands its national tourism and hospitality portfolio, adding an integrated hospitality business with accommodation, food and beverage, and eco safari tours in Noosa, Queensland.
MidOcean Energy – JERA Gorgon
Oil and Gas Extraction
MidOcean Energy proposes to acquire 100% of the shares in JERA Gorgon Pty Ltd and JERA Ichthys Pty Ltd from JERA Australia Pty Ltd. This share sale involves indirectly acquiring interests in the Gorgon LNG Project (0.417%) and Ichthys LNG Project (0.735%) in Western Australia, within the oil and gas extraction industry.
CVS Group - Pittwater Animal Hospital
Veterinary Services
CVS Group Plc, through its subsidiary CVS Vets (Australia) Pty Ltd, acquired 100% of the shares in Pittwater Animal Hospital. This transaction expands CVS Group's small animal veterinary services in Sydney's Northern Beaches region, where it already has a presence. The acquisition was approved.
Regent Motors Group - Lane Group's Mandurah Dealerships
Car Retailing
Regent Motors Group is acquiring a portfolio of six franchised automotive dealerships and associated real property in Mandurah, Western Australia, from WA Automotive Pty Ltd, controlled by the Lane Group. This asset acquisition expands Regent Motors Group's automotive retail presence, adding brands like Ford, Mitsubishi, and Hyundai.
Ironbark - Investment in Viola Private Wealth
Financial Asset Investing
Ironbark Investment Partners Pty Ltd, through its subsidiary IBWM Pty Ltd, is acquiring 40% of the shares in Viola Group Holdings Pty Ltd. This share acquisition sees a financial advice provider invest in a private wealth firm focusing on high net worth clients, expanding its financial asset investing interests.
Brisbane Airport Corporation – Interest in land at Brisbane Airport
Non-Residential Property Operators
Brisbane Airport Corporation Pty Limited acquired a leasehold interest in properties at 3, 5 and 7A Viola Place, Brisbane Airport, from Growthpoint Properties Australia Limited as trustee of the Wholesale Industrial Property Fund. This real estate asset sale involves non-residential property operators, with Brisbane Airport Corporation expanding its direct control over airport land assets.
❌ Recently Rejected
Tony White Group - Sharton Motors Dealerships in Maitland and Port Stephens
Car Retailing
TWG Hunter Dealerships Pty Ltd (part of Tony White Group) is acquiring 95% of the share capital of Sharton Motors Pty Ltd, a car retailing business operating Toyota and GWM/Haval dealerships in Maitland, Port Stephens, and Cardiff. Associated freehold properties are also being purchased from N&M Burton Pty Ltd.
Vets Central – Hills Veterinary Centre
Veterinary Services | Other Personal Services n.e.c.
Vets Central Holdings Pty Ltd, an Australian veterinary group with 80 practices, proposed to acquire 100% of the business assets of Hills Veterinary Centre. The Blackwood, South Australia, practice offers full-service first opinion veterinary services. This asset sale is in the veterinary services industry.
🔁 Pending Deals
Notification — Phase 1 (initial assessment)
Sembcorp Industries Ltd - Alinta Energy: submitted 7 April 2026; expected 20 May 2026; MN-95001 ↗
eBay / Depop: submitted 3 April 2026; expected 19 May 2026; MN-45002 ↗
Danaher - Masimo: submitted 2 April 2026; expected 19 May 2026; MN-15011 ↗
Eagers Vic - Audi Melbourne and Audi Richmond: submitted 31 March 2026; expected 15 May 2026; MN-05012 ↗
Calvary - Holmesglen Private Hospital: submitted 27 March 2026; expected 13 May 2026; MN-55010 ↗
Tega and Apollo Funds consortium - Molycop: submitted 26 March 2026; expected 12 May 2026; MN-85006 ↗
Sinopec / CNAF: submitted 26 March 2026; expected 12 May 2026; MN-01093 ↗
MA Financial Group (MA Marina Fund) – Gold Coast City Marina: submitted 25 March 2026; expected 11 May 2026; MN-45005 ↗
Origin – Equity stake in Kraken: submitted 24 March 2026; expected 8 May 2026; MN-20011 ↗
Intrepid Travel - Wild Bush Luxury: submitted 23 March 2026; expected 7 May 2026; MN-40008 ↗
CVC Capital Partners – Marathon Asset Management: submitted 18 March 2026; expected 4 May 2026; MN-65009 ↗
Peter Warren - Wakeling Automotive: submitted 5 March 2026; expected 2 Jun 2026; MN-30002 ↗
Insurance Australia Group – RAC Insurance: submitted 3 March 2026; expected 17 Apr 2026; MN-65005 ↗
Notification — Phase 2 (detailed assessment)
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 ↗