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❇️ New Deals
Transocean - Valaris
Transocean Limited proposes to acquire Valaris Limited via merger. Transocean shareholders will own approximately 53% and Valaris shareholders 47% of the combined entity. Both companies provide offshore contract drilling services globally, supplying rigs and crews to oil and gas customers for exploration and drilling activities.
CSR - Complete Plaster
CSR Building Products Limited proposes to acquire the business operations of Complete Plaster & Reo Pty Ltd. This transaction involves CSR, a manufacturer of light building products like plasterboard, acquiring a Port Macquarie-based plasterboard supply business that primarily distributes CSR's products. This is an asset sale.
EBOS - Paringa Pet Foods
EBOS Group Limited, via its subsidiary Pet Care Distributors Pty Ltd, proposes a 100% share acquisition of Paringa Pet Foods Pty Ltd. This transaction is in the animal care products sector, with EBOS a wholesaler and distributor, and Paringa Pet Foods a manufacturer and supplier of fresh, frozen, and cooked pet food.
Service Stream – RiE
Service Stream Limited, via a wholly owned subsidiary, proposes to acquire all shares in RiE Group Pty Ltd. This transaction involves Service Stream's Utilities division, providing asset lifecycle services for essential infrastructure, acquiring RiE Group, an industrial electrical and instrumentation provider to power generation, renewable energy, oil and gas, and utilities.
Equans - CV Services Group
Equans SAS, a global energy and technical services company, proposes to acquire 80% of the share capital of Australian technical services company, CV Services Group Pty Ltd. Both companies provide electrical, HVAC, facility management, and signage services, with Equans operating through a local subsidiary.
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✅ Recently Approved
Tibaldi - South Food Group
Tibaldi (Aust) Pty Ltd acquired South Food Group. Both companies are Australian manufacturers and suppliers of pork smallgoods, providing a range of products to supermarket, retail, catering, and fast-food customers. South Food Group also undertakes toll manufacturing for other suppliers.
Endeavour Group – retail liquor store in Muswellbrook (NSW)
Endeavour Group Limited acquired substantially all assets of the Prince of Wales Hotel retail liquor store in Muswellbrook, NSW, from Upper Hunter Motors Pty Limited. This asset acquisition also included a leasehold interest from Jabetin Pty Limited for the Bottlemart-branded store premises. Endeavour Group operates BWS and Dan Murphy’s retail liquor stores.
Fulton Hogan – Avionics
Fulton Hogan Industries Pty Ltd acquired 100% of the shares in Avionics Holdings Pty Ltd. This transaction combines a civil construction and infrastructure provider, active in airfield pavement, with an Australian supplier and installer of aeronautical ground lighting and related services. The deal was approved.
Frasers Group – Accent Group
UK-based retail group Frasers Group plc is acquiring the remaining share capital in ASX-listed sports and lifestyle retailer Accent Group Limited via an on-market takeover bid. This transaction, involving two significant players in the sports and lifestyle retail sector, has been approved.
Editor note: deal both new and approved
Hillhouse - MGI Dobbyn Carafa
Hillhouse Investment Management, Ltd. is acquiring 100% of the shares in Melbourne-based MGI Dobbyn Carafa Pty Ltd. This share acquisition expands Hillhouse's presence in the Australian accounting, tax, and corporate advisory services sector, building on its existing investments in related business services.
Editor note: deal both new and approved
Opal HealthCare - Bethel Aged Care
Opal HealthCare (DPG Services Pty Ltd and OHCA Property Holdings Pty Limited) acquired the assets, business, and land of two Melbourne residential aged care homes, Bethel Aged Care and Anzac Lodge (each 121 beds). The asset acquisition from Java Dale Pty Ltd and Bethel Amen Pty Ltd in the aged care sector was approved.
Magellan Financial Group - Barrenjoey
Australian financial services group Magellan Financial Group Ltd acquired the remaining shares in Barrenjoey Capital Partners Group Holdings Pty Limited, a financial services firm focused on M&A advisory and capital markets. This approved share acquisition involved equity in Magellan for full ownership.
Primary Wave - Kobalt
Music Publishing
Primary Wave KB Holdings, LP is acquiring substantially all interest units of Kobalt Music Group Topco L.P. from Francisco Partners Management, L.P. This unit sale involves a US-based music acquisition and publishing company and a digital royalty collection and music publishing administration company, operating in the music publishing industry.
Mastercard - BVNK
Other Auxiliary Finance and Investment Services
Global payments technology company Mastercard Incorporated International acquired stablecoin infrastructure provider BVNK Holdings Limited and B Corporation S.A.M (BVNK) via a share acquisition. BVNK enables customers to manage stablecoins and fiat currency. This transaction is in the auxiliary finance and investment services sector.
Restaurant Brands and Yum! Brands – Taco Bell restaurants
Takeaway Food Services
A joint venture between Restaurant Brands New Zealand Limited (60%) and Yum! Brands, Inc. (40%) will acquire 29 Taco Bell restaurants. The restaurants are being acquired from Restaurant Brands' subsidiary QSR Pty Ltd (9) and Collins Foods Subsidiary Pty Ltd (20) within takeaway food services.
Fujifilm – endoscopy distribution business in Australia
Hospitals (Except Psychiatric Hospitals)
FUJIFILM Australia Pty Ltd will acquire the FUJIFILM-branded endoscopy distribution business assets from C.R. Kennedy & Company Pty Ltd. This two-stage asset acquisition brings the distribution of FUJIFILM's medical endoscopy products in-house, having previously been outsourced to C.R. Kennedy. The transaction concerns medical equipment distribution to the healthcare sector.
Editor note: deal both new and approved
KKR – Fresha.com
Software Publishing | Financial Asset Investing
Global investment firm KKR proposes to acquire issued preference shares in Fresha.com Holding Inc. Fresha.com operates a global, cloud-based software platform and online marketplace for the beauty, wellness, and self-care industry. This share acquisition will not result in KKR acquiring a controlling interest.
Editor note: deal both new and approved
Regional Australia Bank – South West Slopes Credit Union
Banking
Regional Australia Bank ($5.03 billion assets) is acquiring South West Slopes Credit Union (SWSbank, $323 million assets) via a Total Transfer of Business of all assets and liabilities. Both are customer-owned banking institutions providing retail loan and deposit services across regional Australia.
Editor note: deal both new and approved
QIC – CopperString Project assets from Powerlink Queensland
Other Electricity Generation | Electricity Transmission | Other Auxiliary Finance and Investment Services
Queensland Investment Corporation (QIC) subsidiaries are acquiring assets from Powerlink Queensland to oversee the CopperString Project. This asset transfer facilitates the development of new electricity transmission lines and substations in North and Northwest Queensland. Both Queensland Government-owned corporations are involved in this major infrastructure project.
Editor note: deal both new and approved
Platinum Equity Group - LMPG
Electric Lighting Equipment Manufacturing | Financial Asset Investing
Platinum Equity, a US-headquartered global private equity firm, proposes to acquire 100% of the issued share capital in LMPG Inc. LMPG designs and manufactures specification-grade LED lighting products for commercial, institutional, and urban settings across hospitality, infrastructure, workplace, retail, and entertainment sectors. This is a share sale.
Editor note: deal both new and approved
OpenAI - Tomoro
Data Processing and Web Hosting Services | Computer System Design and Related Services
OpenAI Group PBC, an artificial intelligence foundation model developer, is acquiring 100% of the shares in Tomoro AI Ltd, an AI delivery consultancy. Tomoro helps businesses implement AI solutions, often utilising OpenAI's models. This share acquisition combines AI model development with AI implementation services.
AtkinsRéalis - WGA
Engineering Design and Engineering Consulting Services
AtkinsRéalis Group Inc., a Canadian engineering and construction company, acquired 100% of the shares in WGA Group Holdings Pty Ltd via a scheme of arrangement. WGA is an Australian and New Zealand multi-disciplinary engineering and project management consultancy firm. This transaction expands AtkinsRéalis's professional engineering and technical consultancy services in Australia.
Volt Managed Investment Trusts – HMC Energy Transition Platform
Other Electricity Generation | Financial Asset Investing | Other Auxiliary Finance and Investment Services
KKR-advised Volt Managed Investment Trusts invested A$355 million into HMC Capital Limited’s Energy Transition Platform. This involved acquiring loan notes and share warrants in Volt HoldCo, converting to a minority equity interest. The deal concerns electricity generation and storage assets within the electricity generation supply chain.
Editor note: deal both new and approved
Eli Lilly - Kelonia Therapeutics
Human Pharmaceutical and Medicinal Product Manufacturing | Scientific Research Services
US pharmaceutical company Eli Lilly and Company will acquire 100% of the shares in US clinical-stage biotechnology company Kelonia Therapeutics, Inc. This share acquisition brings Kelonia's genetic medicines and oncology pipeline, including lentiviral-based in vivo CAR-T therapies, to Eli Lilly.
Ampol – EG Australia
Petroleum Refining and Petroleum Fuel Manufacturing | Petroleum Product Wholesaling | Fuel Retailing | Supermarket and Grocery Stores
Ampol Limited, an ASX-listed transport energy provider, has acquired convenience retailer EG Australia. Under a Share Purchase Agreement, Ampol will own and operate EG Australia's approximately 512 retail fuel and convenience sites, subject to proposed divestitures, expanding its existing network.
❌ Recently Rejected
No rejections published since last edition.
🔁 Pending Deals
Notification — Phase 1 (initial assessment)
Coles – supermarket site in Minto, NSW: submitted 9 June 2026; expected 21 Jul 2026; MN-25029 ↗
Uber - Blacklane: submitted 5 June 2026; expected 20 Jul 2026; MN-20018 ↗
Premier Fresh – Domenico Group: submitted 4 June 2026; expected 17 Jul 2026; MN-40020 ↗
Coles – supermarket site in Lidcombe (NSW): submitted 4 June 2026; expected 17 Jul 2026; MN-50019 ↗
ANZ, CBA, NAB and Westpac – shares in joint venture and interests in Joint Cash Pool: submitted 3 June 2026; expected 16 Jul 2026; MN-20014 ↗
ANZ Banking Group - Worldline Australia: submitted 3 June 2026; expected 16 Jul 2026; MN-80014 ↗
Sony Music - Recognition Music: submitted 2 June 2026; expected 15 Jul 2026; MN-20023 ↗
Precision Poultry - VOAG chicken farming operations: submitted 2 June 2026; expected 15 Jul 2026; MN-35019 ↗
CVS Group – Paws at Prospect Vet and Eyes at Prospect Vet: submitted 2 June 2026; expected 15 Jul 2026; MN-70020 ↗
Heidelberg Materials Australia – construction materials business of MAAS: submitted 28 May 2026; expected 3 Aug 2026; MN-50009 ↗
Impression Dental Group - Coastal Dental Care: submitted 28 May 2026; expected 13 Jul 2026; MN-90015 ↗
Smile Partners Australia – Mehta Orthodontics: submitted 26 May 2026; expected 9 Jul 2026; MN-05014 ↗
Henkel – Olaplex: submitted 26 May 2026; expected 9 Jul 2026; MN-80016 ↗
Zurich - Beazley: submitted 22 May 2026; expected 7 Jul 2026; MN-30016 ↗
Stonepeak – Castrol: submitted 21 May 2026; expected 6 Jul 2026; MN-60015 ↗
Black Rhino - Club Hotel Motel Roma: submitted 21 May 2026; expected 6 Jul 2026; MN-90008 ↗
Logic Technologies - Ace Communication Distributors: submitted 21 May 2026; expected 6 Jul 2026; MN-95021 ↗
Banijay Entertainment – All3Media: submitted 20 May 2026; expected 3 Jul 2026; MN-85026 ↗
Integris & related entities - First Focus: submitted 19 May 2026; expected 2 Jul 2026; MN-40022 ↗
PT Asian Bulk Logistics – Engage Marine: submitted 13 May 2026; expected 26 Jun 2026; MN-90012 ↗
Zoetis – Neogen Genomics Business: submitted 12 May 2026; expected 23 Jul 2026; MN-05013 ↗
Macquarie Asset Management led consortium – Qube: submitted 6 May 2026; expected 19 Jun 2026; MN-10007 ↗
Saipem - Subsea7: submitted 27 April 2026; expected 6 Jul 2026; MN-01072 ↗
Trescal – TR Calibration: submitted 14 April 2026; expected 25 Jun 2026; MN-90009 ↗
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 17 Aug 2026; MN-30003 ↗
Coles – supermarket and liquor site in Kalgoorlie, WA: submitted 27 November 2025; expected 2 Jul 2026; MN-01068 ↗
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