Weekly ACCC Deal Digest 29 April 2026

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Airport Operations and Other Air Transport Support Services

Fulton Hogan Industries Pty Ltd proposes to acquire 100% of the shares in Avionics Holdings Pty Ltd. This transaction sees a civil construction and infrastructure provider acquiring an Australian supplier and installer of aeronautical ground lighting for airside works projects.

MN-75016 | notification (Phase 1 – initial assessment) | notified 28 April 2026 | determination due 11 Jun 2026 ↗

Financial Asset Investing | Specialist Medical Services

Genea Holdco SA Pty Limited proposes to acquire 100% of the shares in Embrace Fertility Pty Ltd, an independent gynaecology and IVF provider in Adelaide, South Australia. The owner of Embrace Fertility will receive a minority equity interest in Genea, which operates Fertility SA. This transaction is in the assisted reproduction services sector.

MN-05009 | notification (Phase 1 – initial assessment) | notified 27 April 2026 | determination due 10 Jun 2026 ↗

Other Heavy and Civil Engineering Construction | Engineering Design and Engineering Consulting Services

Saipem S.p.A proposes to merge with Subsea7 S.A. Both are global engineering and construction companies providing services for the energy sector, including subsea infrastructure (SURF), offshore wind, and inspection, repair, maintenance, and decommissioning. This is a merger transaction.

MN-01072 | notification (Phase 1 – initial assessment) | notified 27 April 2026 | determination due 10 Jun 2026 ↗

Beef Cattle Feedlots (Specialised) | Meat Processing

Australian Meat Group Pty Ltd, an independent beef processor, proposes to acquire Killara Feedlot Pty Ltd, a subsidiary of Elders Rural Services Australia Limited. The transaction involves acquiring 100% of Killara's issued share capital, livestock, and general stock inventory, integrating a beef feedlot into AMG's meat processing operations.

MN-20012 | notification (Phase 1 – initial assessment) | notified 24 April 2026 | determination due 10 Jun 2026 ↗

Free-to-Air Television Broadcasting

WIN Television Network Pty Ltd proposes to acquire 100% of shares in NBN Enterprises Pty Limited and Television Holdings Darwin Pty Limited from Nine Network Australia Holdings Pty Ltd and Nine Network Australia Pty Limited. This share acquisition involves regional free-to-air television stations broadcasting across Northern NSW, Gold Coast, Darwin, and other regional Australian areas.

MN-50008 | notification (Phase 1 – initial assessment) | notified 24 April 2026 | determination due 10 Jun 2026 ↗

Human Pharmaceutical and Medicinal Product Manufacturing | Scientific Research Services

Gilead Sciences, Inc., through its subsidiary, proposes to acquire all outstanding shares of Ouro Medicines, LLC. This share acquisition involves two US-based biopharmaceutical companies developing T cell therapies for autoimmune diseases. Ouro is a clinical-development stage biotechnology company with early-stage programs, including Australian clinical trials for its lead candidate OM336.

MN-60014 | notification (Phase 1 – initial assessment) | notified 22 April 2026 | determination due 5 Jun 2026 ↗

Life Insurance | General Insurance

Zurich Financial Services Australia Limited proposes to acquire all issued shares in ASX-listed ClearView Wealth Limited. Both companies supply life insurance products, including life, income protection, TPD, and trauma insurance, to Australian customers via financial advisers.

MN-55016 | notification (Phase 1 – initial assessment) | notified 21 April 2026 | determination due 4 Jun 2026 ↗

Hospitals (Except Psychiatric Hospitals) | Aged Care Residential Services

Calvary, a not-for-profit hospital operator, has received approval to acquire the business and assets of Holmesglen Private Hospital from Healthscope. This healthcare sector asset sale involves Calvary acquiring an acute care facility. The transaction follows Healthscope's parent entities entering voluntary administration, prompting an orderly sale of its hospitals.

MN-55010 | notification (Phase 1 – initial assessment) | notified 27 March 2026 | approved 28 April 2026 ↗

Other Polymer Product Manufacturing | Natural Rubber Product Manufacturing | Other Specialised Machinery and Equipment Manufacturing | Other Specialised Industrial Machinery and Equipment Wholesaling

A consortium of Tega Industries Limited and Apollo funds acquired Molycop via a share sale. Mining products supplier Tega and asset manager Apollo formed a joint venture to acquire Molycop, a global supplier of mining consumables and engineered products for Australian rail. The transaction was approved.

MN-85006 | notification (Phase 1 – initial assessment) | notified 26 March 2026 | approved 28 April 2026 ↗

Banking

Bendigo and Adelaide Bank will acquire Members Banking Group Limited trading as RACQ Bank’s retail loan and deposit books via an asset sale. This banking transaction involves RACQ Bank’s A$2.7bn retail loans and A$2.5bn retail deposits. Bendigo and Adelaide Bank is an ASX-listed authorised deposit-taking institution.

WA-70015 | waiver (Waiver application) | notified 28 March 2026 | approved 28 April 2026 ↗

Computer System Design and Related Services

Wipro Networks Pte Ltd, a subsidiary of Wipro Limited, proposes to acquire all shares in Mindsprint Pte Limited. This transaction in the technology, consulting, and IT services sector involves Wipro expanding its offerings. Notably, Wipro will not acquire Mindsprint's current interest in Mindsprint Pty Ltd (Australia).

WA-15014 | waiver (Waiver application) | notified 7 April 2026 | approved 24 April 2026 ↗

Other Auxiliary Finance and Investment Services

Creative Planning Holdco, LLC, via CP Britannia Bidco Limited, will acquire 100% of MASECO LLP. Creative Planning is a US-headquartered wealth and investment management firm. MASECO provides UK-based wealth management services, primarily to high-net worth clients, with a small Australian presence. This share acquisition is in the finance and investment services sector.

WA-40016 | waiver (Waiver application) | notified 10 April 2026 | approved 23 April 2026 ↗

Financial Asset Investing

Searchlight Capital Partners, via KONA Parent, L.P., is acquiring sole control of KORE Group Holdings, Inc., an Internet-of-Things connectivity provider, through a merger. The deal is valued at approximately USD$726 million enterprise value, with KORE shares converting to $9.25 each. Searchlight will hold 68.7%, while Abry Partners retains 21.2%.

WA-50014 | waiver (Waiver application) | notified 1 April 2026 | approved 23 April 2026 ↗

Pubs, Taverns and Bars | Financial Asset Investing

Star Hotels Group is acquiring the freehold land and business assets of Fiveways Hotel Toowoomba, plus two adjacent residential lots. This asset acquisition expands their Queensland pub and liquor retail portfolio, integrating the Toowoomba venue, which previously operated as a licensed bar with food, gaming, and a drive-through liquor store.

WA-50013 | waiver (Waiver application) | notified 31 March 2026 | approved 23 April 2026 ↗

Supermarket and Grocery Stores | Fruit and Vegetable Retailing | Liquor Retailing | Other Store-Based Retailing n.e.c. | Courier Pick-up and Delivery Services | Local Government Administration | Regulatory Services

Coles Group Property Developments Ltd is acquiring approximately 2,240 sqm of land from Port Phillip City Council via an unconditional contract of sale. This asset acquisition facilitates a significant mixed-use retail and residential precinct revitalisation in Balaclava, Victoria, adjacent to an existing Coles supermarket and Liquorland store.

WA-60012 | waiver (Waiver application) | notified 25 March 2026 | approved 23 April 2026 ↗

Plumbing Goods Wholesaling | Other Electrical and Electronic Goods Wholesaling | Manchester and Other Textile Goods Retailing | Electrical, Electronic and Gas Appliance Retailing

Winning Appliances, a retailer of kitchen, laundry, and home appliances, is undertaking a corporate restructure. Existing shareholders are selling all shares in Winning Appliances to a newly established Winning Holdings, receiving shares in the new holding company in return. This share-based transaction establishes Winning Holdings as the new parent entity.

WA-01092 | waiver (Waiver application) | notified 23 March 2026 | approved 23 April 2026 ↗

Road and Bridge Construction | Other Transport Support Services n.e.c.

Egis Projects Asia Pacific Pty Ltd acquired the remaining 50% of shares in Fulton Hogan Egis O&M Pty Ltd from Fulton Hogan Industries Pty Ltd. This share sale dissolves their joint venture, with Fulton Hogan Egis O&M providing road and tunnel operations and maintenance services for Sydney's WestConnex and M6 projects.

WA-70011 | waiver (Waiver application) | notified 2 April 2026 | approved 22 April 2026 ↗

No rejections published since last edition.