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❇️ New Deals
eBay / Depop
Retail Commission-Based Buying and/or Selling | Advertising Services
eBay Inc. proposes to acquire 100% of Depop Limited shares from Etsy, Inc. This global transaction involves online marketplace services. eBay operates a generalist e-commerce platform, while Depop focuses on pre-owned fashion. Both companies overlap in providing online marketplace services to Australian users, particularly for pre-owned fashion.
Danaher Corporation / Masimo Corporation
Medical and Surgical Equipment Manufacturing
Global science and technology company Danaher Corporation proposes to acquire 100% of the outstanding share capital of Masimo Corporation. Danaher is active in biotechnology, life sciences, and diagnostics. Masimo is a global medical technology provider of pulse oximetry and patient monitoring solutions.
Eagers Vic - Audi Melbourne and Audi Richmond
Car Retailing | Motor Vehicle Parts Retailing
Eagers Vic Pty Ltd, a subsidiary of Eagers Automotive Limited, proposes to acquire the assets of Audi Centre Melbourne and Audi Richmond dealerships from Zagame Automotive Group Pty Ltd. This asset sale expands Eagers' automotive retail presence in Victoria, adding Audi to its portfolio of around 50 brands.
✅ Recently Approved
National Dental Care – business assets comprising the Comfy Dental clinic, Mandurah, WA
Dental Services
NDC HoldCo Pty Ltd, through NDC Australia Pty Limited, acquired 100% of the business assets of Comfy Dental Clinic from Comfy Dental Trust. This transaction in the dental services sector sees NDC, a national dental services organisation, expand its presence in Mandurah, WA.
Vets Central - Drovers Vet Hospital
Veterinary Services | Other Personal Services n.e.c.
Vets Central Holdings Pty Ltd, an Australian veterinary group owned by Pemba Capital Partners, is acquiring 100% of the shares in Drovers Vet Hospital Pty Ltd. This transaction involves the consolidation of veterinary services, with Vets Central expanding its network by acquiring the full-service Wanneroo practice.
Ochre Health - Newstead Medical and Kings Meadows Medical Centre, TAS
General Practice Medical Services
Private equity-backed Ochre Health is acquiring the business and assets of Newstead Medical and Kings Meadows Medical Centre in Launceston, Tasmania. This transaction expands Ochre Health's national network of general practice medical services, which includes urgent care centres. The target clinics are currently owned by general practitioners.
Ochre Health - Telegraph Road Clinic, Bracken Ridge QLD
General Practice Medical Services
Ochre Health Pty Limited, majority owned by private equity firm Genesis Capital, is acquiring the business and all assets of Telegraph Road Clinic in Bracken Ridge, Queensland. This asset acquisition expands Ochre Health's general practice medical services network, which currently operates 68 medical centres across Australia.
CVC Capital Partners – The animal nutrition and health division of the DSM-Firmenich Group
Other Food Product Manufacturing n.e.c. | Financial Asset Investing
CVC Capital Partners-advised funds acquired the Animal Nutrition & Health business from DSM B.V., part of DSM-Firmenich AG. This private equity financial investment involves a global provider of science-based animal nutrition and health solutions for livestock producers and feed manufacturers, offering vitamins, premixes, and performance solutions.
KPS Capital Partners - Jennmar
Other Mining Support Services | Other Fabricated Metal Product Manufacturing n.e.c. | Financial Asset Investing
US private investment company KPS Capital Partners is acquiring sole control of Jennmar, an Australian manufacturer and supplier of steel and chemical ground support products for underground mining and tunnelling. Sellers Falcon Point Partners and Mr Calandra and family trusts will retain non-controlling minority interests. This is a share acquisition.
Arlington Capital Partners – Eptec Defence Solutions
Shipbuilding and Repair Services
US private equity firm Arlington Capital Partners, via Admiral AU Bidco Pty Ltd, is acquiring the Eptec Defence Solutions business. This involves a share acquisition of Eptec Holdco Pty Ltd and its subsidiaries, which specialise in naval vessel and defence infrastructure maintenance. The Eptec Infrastructure Solutions business will be retained by the seller.
Henkel – Stahl
Adhesive Manufacturing | Paint and Coatings Manufacturing | Industrial and Agricultural Chemical Product Wholesaling
German public company Henkel, known for adhesives and consumer brands, is acquiring all shares in Netherlands-headquartered specialty coatings manufacturer Stahl Parent B.V. from Stahl Group S.A., indirectly controlled by Wendel S.E. The deal involves the adhesives, sealants, and coatings sectors.
Wentworth Capital – Novotel Darling Harbour and Ibis Darling Harbour
Accommodation
Funds managed by Wentworth Capital Investment Management Pty Ltd will acquire the Novotel Darling Harbour and Ibis Darling Harbour hotel businesses, related assets, and leasehold interests. The sellers are Pearl Hotels D 1993 Pty Limited and The Trust Company (Australia) Limited. This asset and leasehold acquisition is in the accommodation sector.
Austral Resources Australia – Lady Loretta mine
Copper Ore Mining | Silver-Lead-Zinc Ore Mining | Copper, Silver, Lead and Zinc Smelting and Refining
Austral Resources Australia Ltd, a copper producer, acquired the Lady Loretta zinc mine and associated exploration permits from Glencore plc subsidiaries. The transaction involved a 100% share acquisition of Noranda Pacific Pty Ltd. Austral will assume rehabilitation obligations for the mine, which ceased production in 2025.
Element Zero's L701 – Option to lease DevelopmentWA industrial land at Boodarie Strategic Industrial Area
Iron Smelting and Steel Manufacturing
L701 Pty Ltd, a subsidiary of Element Zero Pty Ltd, proposes an option to lease industrial land from DevelopmentWA in Western Australia. This facilitates Element Zero's development of a commercial-scale green iron production facility within the Iron Smelting and Steel Manufacturing industry, leading to a long-term industrial ground lease.
Enverus – Spatial Business Systems
Software Publishing
Enverus, Inc., a global Software-as-a-Service and data provider to the energy industry, will acquire 100% of the issued share capital of Spatial Business Systems. Spatial Business Systems supplies design software for utilities and critical network infrastructure assets, including distribution design and substation services in Australia. This is a share sale.
BGIS - Ascot Air
Air Conditioning and Heating Services
BGIS Pty Ltd, a national integrated facilities management provider, acquired 100% of the shares in Ascot Air Facilities Pty Ltd. Ascot Air is a South East Queensland commercial HVAC and mechanical services provider. This share acquisition enhances BGIS's HVAC capabilities and regional footprint in the air conditioning and heating services sector.
KPS – Novacel
Polymer Film and Sheet Packaging Material Manufacturing | Other Specialised Machinery and Equipment Manufacturing | Financial Asset Investing
KPS Special Situations Mid-Cap Fund II, a US private investment company, acquired 100% of the shares in Novacel, a global producer of speciality processing films and tapes. Compagnie Chargeurs Invest SA, the seller, will roll over approximately 25% interest. Novacel supplies protective films in Australia.
Civilmart – Taylex
Other Polymer Product Manufacturing | Concrete Product Manufacturing
CTC Precast Pty Ltd (Civilmart), a precast concrete products manufacturer, acquired 100% of the share capital of Taylex Group Holding Co Pty Ltd. Taylex supplies active wastewater treatment systems, septic tanks, and rainwater tanks. Both parties supply these concrete products in NSW, QLD, and VIC.
Francisco Partners – Capsa Healthcare
Hospitals (Except Psychiatric Hospitals)
Funds advised by Francisco Partners Management, LP, a global technology investment firm, will acquire 100% control of Capsa Healthcare via a share sale. Capsa Healthcare manufactures and supplies healthcare equipment and technology-enabled point-of-care hardware, including to Australian customers.
Waymark Hotels Group – Warrego Hotel Motel Cunnamulla, Queensland
Liquor Retailing | Accommodation | Pubs, Taverns and Bars | Non-Residential Property Operators
Waymark Hotels Group, through Warrego Op Co Pty Ltd and Waymark Hotel Properties No 42 Pty Ltd, is acquiring the land and business of the Warrego Hotel Motel in Cunnamulla, Queensland. This asset acquisition expands Waymark's regional Queensland hotel operations, which include pubs, accommodation, gaming, and liquor retailing.
Rocket Software – Vertica
Software Publishing
Bain Capital portfolio company, Rocket Software, proposes to acquire the Vertica Analytics Database Platform from Open Text Corporation. This asset sale combines Rocket Software's infrastructure and application software with Vertica's enterprise-grade analytical database software in the software publishing sector.
Argo Bowen 2 – Bowen Coking Coal and certain subsidiaries
Coal Mining
Argo Bowen 2 Pty Ltd will acquire 100% of the shares in administratored Bowen Coking Coal Limited and its subsidiaries. The transaction involves metallurgical and thermal coal assets, including the Burton Mining Complex and Broadmeadow East Mine in the Bowen Basin. Argo Bowen 2 is backed by Mercuria Energy Group and Talisman Partners.
Cinven – Regenity
Medical and Surgical Equipment Manufacturing | Financial Asset Investing
Cinven, a private equity firm, through Rosewood AG, LP, is acquiring voting rights in Regenity, a global developer and manufacturer of bioresorbable technologies. This share acquisition will result in Cinven Limited and healthcare-focussed private equity firm Linden Capital Partners having joint control of Regenity.
Aldus - Hilton Manufacturing
Structural Steel Fabricating | Other Structural Metal Product Manufacturing | Machine Tool and Parts Manufacturing | Other Hardware Goods Wholesaling
Aldus Pty Limited, part of the diversified industrial Aldus Group, has acquired 100% of the shares in Hilton Manufacturing Pty Ltd. Hilton is an Australian sheet metal fabrication business supplying engineered metal products to the heavy vehicle and industrial sectors. This share sale expands Aldus's industrial footprint.
Blackbird Ventures – Halter
Beef Cattle Farming (Specialised) | Dairy Cattle Farming | Agricultural Machinery and Equipment Manufacturing | Software Publishing | Internet Publishing and Broadcasting | Scientific Research Services | Computer System Design and Related Services
Australian venture capital firm Blackbird Ventures, through its funds Blackbird FOF25 Pty Ltd and Blackbird FSA Pty Ltd, is purchasing shares in a capital raise by Halter USA Inc. Halter is an agricultural technology company specialising in advanced livestock management and virtual fencing systems.
Permira and Warburg Pincus - Clearwater Analytics
Data Processing and Web Hosting Services | Financial Asset Investing | Other Auxiliary Finance and Investment Services | Computer System Design and Related Services
Permira and Warburg Pincus, both private equity firms, are proposing to acquire joint control of Clearwater Analytics. Clearwater Analytics is a software-as-a-service company providing cloud-based software solutions for investors to manage investment data, including accounting and reporting. The transaction is structured as a purchase of shares.
Other Motor Vehicle Parts Manufacturing | Motor Vehicle New Parts Wholesaling
Japanese automotive company Honda Motor Co., Ltd is acquiring an additional 21% shareholding in automotive parts manufacturer Astemo, Ltd from Hitachi, Ltd. This share acquisition will see Honda gain sole control of Astemo, shifting from its current joint control with Hitachi.
McDonald’s Australia – McDonald’s Restaurants in Bankstown and Yagoona, NSW
Takeaway Food Services
McDonald's Australia Limited is acquiring three McDonald's restaurants in Bankstown and Yagoona, NSW, from franchisee Lvant Mecca Pty Limited and Nicole Carmichael. This asset purchase in the takeaway food services sector involves the surrender of franchise and occupation agreements.
Tetra Tech – Providence Consulting
Management Advice and Related Consulting Services | Defence
Tetra Tech Australia Group Holdings Pty Ltd will acquire 100% of the shares in Providence Consulting Group Pty Ltd via a Share Purchase Agreement. This transaction combines Tetra Tech's broad consulting, technical, and advisory services in sectors like defence and infrastructure with Providence Consulting's specialised advisory and project management for defence, government, and industry clients.
❌ Recently Rejected
Star Hotels Group – Liquor Legends Berserker & Liquor Legends Highway A1, QLD
Liquor Retailing | Pubs, Taverns and Bars
Star Hotels Group, via Migaloo QLD Pty Ltd, sought to acquire the leasehold interest and business assets, including goodwill and licences, of the Liquor Legends Berserker and Liquor Legends Highway A1 bottle shops from The Trustee for The Garden Holdings Trust. This asset acquisition expands Star Hotels Group's Queensland liquor retailing and hospitality footprint.
🔁 Pending Deals
Notification — Phase 1 (initial assessment)
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 ↗
Gilead - Arcellx: submitted 19 March 2026; expected 5 May 2026; MN-40009 ↗
Opal Healthcare – Greenwich Place residential aged care home: submitted 19 March 2026; expected 5 May 2026; MN-75012 ↗
CVC Capital Partners – Marathon Asset Management: submitted 18 March 2026; expected 4 May 2026; MN-65009 ↗
Maas – 50% acquisition of COLAS’ Caloundra asphalt plant and 100% of COLAS’ Tomago asphalt plant: submitted 18 March 2026; expected 4 May 2026; MN-50012 ↗
Adobe - Semrush: submitted 16 March 2026; expected 30 Apr 2026; MN-30005 ↗
MidOcean Energy – JERA Gorgon: submitted 14 March 2026; expected 29 Apr 2026; MN-05004 ↗
Coles – supermarket site in New Norfolk (TAS): submitted 12 March 2026; expected 28 Apr 2026; MN-01090 ↗
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 ↗
MicroStar Logistics - Konvoy: submitted 20 February 2026; expected 17 Aug 2026; MN-30003 ↗
CVS Group - Pittwater Animal Hospital: submitted 13 February 2026; expected 15 Apr 2026; MN-95003 ↗
Notification — Phase 2 (detailed assessment)
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 ↗