M&A advisory services in Australia

Australia's technology M&A market is the most liquid in Asia-Pacific, with domestic PE, US and European strategic acquirers and Asian corporates all running active coverage of the Australian SaaS, fintech, marketplace and climate-tech sectors.

MYOB's recurring PE transactions, Vend's acquisition by Lightspeed and ROKT's strategic investment rounds reflect the range of exit paths available; Canva, Airwallex and Employment Hero are the current cohort attracting secondary and M&A interest. The 50% capital gains discount and Small Business CGT concessions give Australian founders a materially favourable exit tax position versus most comparable markets.

We advise both bootstrapped and venture-backed Australian founders through the full sale process, drawing on a strong network of PE sponsors and strategic acquirers with Australia and APAC mandates. Our lean end-to-end process covers KPI-driven preparation, vendor due diligence, information memorandum, buyer process management and term negotiation - with FIRB timing and CGT concession planning built in.

134

Australia tech M&A deals in the last 12 months

$28M

Australia median tech M&A valuation

2.9x

Australia median tech M&A revenue multiple

$1.1B

Australia biggest tech acquisition in the last 12 months

Selling your tech company in Australia

Australian M&A follows international mid-market conventions with Australian-specific overlays around FIRB review, the capital gains discount and the participation exemption for corporate sellers.

Completion accounts dominate

Australian private M&A is predominantly completion-accounts based, with detailed working-capital target and adjustment mechanics. Locked-box is growing in PE-led and tech deals but is not the default. Closing-day mechanics typically include estimated-then-adjusted purchase price.

W&I insurance is standard

Warranty & indemnity insurance is standard in Australian deals above roughly AUD 25M. Premiums (around 1-1.5% of cover) typically split between buyer and seller, replacing traditional escrow as the primary protection mechanism.

FIRB review

Foreign Investment Review Board approval required for transactions above relevant thresholds. National security review applies to investments by foreign persons (and at zero threshold for foreign government investors) in sensitive sectors. Adds 30-60+ days to closing where in scope.

Capital gains discount

Australian resident individuals selling shares held 12+ months are taxed on 50% of the gain (the 50% capital gains discount). Combined with the Small Business CGT Concessions (retirement, rollover, 50% active asset, 15-year), founder exit tax planning is one of the highest-impact items 12+ months ahead of a sale.

Participation exemption

Sales of qualifying foreign subsidiary shares by an Australian corporate seller can be exempt from Australian corporate tax under the participation exemption (Subdivision 768-G). Material in cross-border carve-outs and structuring decisions for share vs asset deals.

Merger control

ACCC (Australian Competition and Consumer Commission) does not currently operate a mandatory pre-merger notification regime. Voluntary informal review is standard practice for material transactions. Reform proposals to introduce mandatory thresholds have been under discussion.

Recently acquired tech companies in Australia

Biggest M&A recently in Australia was a $1.1B acquisition of Eucalyptus by Hims & Hers in February 2026.

See all M&A deals in Australia
LogoHQDescriptionBuyer
Feb-26
Eucalyptus
-
Hims & Hers
$1.1B
2.6x
Oct-25
RPMGlobal
RPMGlobal Holdings Ltd is engaged in the development of mining software solutions and professional development for the mining industry. The group has been advancing the mining industry through the provision of software solutions and deep domain expertis. The company brings together its technology, mining advisory, and professional development services to support mining clients in extracting more value at every stage of the mining lifecycle. Its segments include the Software Division and the Advisory Division. The group generates the majority of revenue from the Software Division, which offers software, including support (maintenance), training, and implementation services to mining companies. Geographically, the company operates in Australia, Asia, the Americas, Africa & Europe.
Caterpillar
$681M
15x
Aug-25
CyberCX
-
Accenture
$650M
-
Jan-26
Qms Media
QMS Media leads outdoor advertising in Australia and New Zealand with digital billboards, transit wraps, and street furniture. Brisbane-headquartered, the company manages premium inventory in major cities like Sydney, Melbourne, and Auckland for brand campaigns.
Nine Entertainment
$592M
-
Dec-25
HotDoc
HotDoc is a Sydney-based healthcare technology company offering an online platform for real-time medical appointment booking. Founded in July 2012, it connects patients with a nationwide network of healthcare providers in Australia, streamlining supply and demand in the medical sector. The service equips health professionals with tools to manage schedules efficiently and enhances patient access to care.
Potentia Capital
$382M
19x
Aug-25
InfoMedia
InfoMedia is an Australian software provider for the automotive sector. Brisbane-headquartered, it develops platforms for parts catalogs, service manuals, and technical data distribution connecting manufacturers, dealers, and customers.
TPG
$376M
4.0x
Sep-25
Seven West Media
Seven West Media operates Seven Network, a free-to-air TV network spread across five capital cities of Australia, as well as many regional markets via Prime. It also operates most of the newspapers circulating in Western Australia (including the main Perth masthead, The West Australian). In the Australian online market, Seven West Media runs broadcast video on demand, or BVOD, streaming service called 7plus.
Southern Cross Austereo
$273M
0.3x
Feb-26
For The Record
For the Record supplies digital court recording systems, transcript management, and secure access platforms to courts globally, emphasizing high-quality audio capture and workflow efficiency.
Tyler Technologies
$213M
-
Aug-25
Versent
Versent is a Sydney-based cloud consultancy providing security, DevOps, SharePoint, and data visualization services across AWS, Azure, and Google Cloud since 2014. The firm serves finance, telecom, media, public sector, and utilities with partnerships from major cloud providers.
Infosys
$202M
0.8x
Jun-25
Smartpay Australia
Smartpay Australia is a Melbourne-headquartered provider of EFTPOS terminals and payment processing for small to medium enterprises since 2007. Devices support Visa, Mastercard, American Express, and contactless options like Apple Pay, with models including countertop units and mobile sleds for iPhones. Merchants choose surcharge pass-through pricing or fixed 1.49 percent rates per transaction, backed by 24/7 Australian support and integrations with 50 POS systems like Lightspeed and Square. The company processes billions in volume annually through partnerships with retail networks.
Shift4 Payments
$184M
2.9x
May-26
BullionFX
BullionFX builds blockchain infrastructure for gold-backed digital assets, issuing tokenized currency supported by audited physical gold for trading, payments, savings, and DeFi uses. The platform incorporates decentralized exchanges, self-custody wallets, and tools for managing tokenized gold, alongside ecosystem features for yield, synthetics, and financial apps with compliance partners.
Functional Brands
$143M
-
Sep-25
Independent Reserve
Independent Reserve is an Australian cryptocurrency exchange operating in Australia, New Zealand, and Singapore since 2013. It facilitates trading of Bitcoin, Ethereum, USDC, and other digital assets with fiat on-ramps via bank transfers. The platform serves retail and institutional clients with OTC desks, wallet services, and compliance under AUSTRAC registration, processing millions in daily volume.
IG Group
$117M
5.0x
Sep-25
Vision Intelligence
Vision Intelligence is a Perth-based manufacturer of solar-powered security systems for construction and mining sites in Australia. The company produces 4G-enabled PTZ cameras, thermal sensors, perimeter intrusion detection units, and LED floodlights integrated with AI analytics for object detection. Its rugged IP67-rated products withstand temperatures from -40°C to 70°C and power autonomously for 30 days. Vision Intelligence deploys over 10,000 units across Western Australia and Queensland sites operated by Rio Tinto and BHP.
Attalis Capital
$70M
-
Jul-25
Caleb & Brown
Caleb & Brown is a Brisbane-headquartered cryptocurrency brokerage facilitating trades in over 200 digital assets. The firm provides 24/7 personal broker support for buying, selling, swapping, and custody via cold storage for individuals, companies, trusts, and superannuation funds. Founded in 2016, it accesses institutional liquidity and OTC desks for clients worldwide.
Swyftx
$66M
-
Jun-25
Banxa
Banxa is a Melbourne-headquartered payment services provider listed on TSX Venture as BNXA. The company facilitates compliant fiat-to-cryptocurrency conversions, processing transactions from USD and CAD into BTC and ETH. Banxa operates offices in Australia and the Netherlands, powering on-ramps for exchanges and wallets with regulatory-approved infrastructure.
OSL BNXA Acquisition
$63M
3.5x

Who is buying tech companies in Australia?

Canva, Humanforce and Vinyl Group are the most active acquirers in Australia.

See all acquirers in Australia
LogoHQDescriptionKey acquisitions
Canva
Canva is a Sydney-headquartered graphic design platform offering drag-and-drop tools for creating presentations, social media posts, posters, and invitations. Users access millions of templates, stock photos, icons, and fonts from its library. Launched in 2013, Canva serves teams at organizations like Coca-Cola and HubSpot through free and Pro subscriptions, with enterprise features for brand kits and collaboration.
OrttoSimtheoryDoohly+2
5
Humanforce
Humanforce is a workforce management software provider offering scheduling, time tracking, and compliance tools for frontline industries. Sydney-headquartered with operations in Australia, New Zealand, and Europe, it serves over 6,000 organizations including hospitality chains like Accor and retail groups. The cloud platform integrates with payroll systems such as ADP and Xero, automating shift rostering and fatigue management. Established in 2004, Humanforce processes millions of shifts monthly.
EmprevoShiftMatchLiveHire+1
4
Vinyl Group
Vinyl Group Ltd Formerly Jaxsta Ltd is a music technology company that carries on music database. It has developed an online platform named Jaxsta to hold official music metadata. Its database consists of official music information and is built to meet the needs of music professionals and enthusiasts seeking a comprehensive and authenticated source of music data. The company uses " Big Data" technology to ingest and translate information sourced directly from official channels including record labels, music publishers, royalty agencies and industry associations onto its Jaxsta platform ensuring optimum accuracy and reliability.
Val Morgan DigitalConcrete PlaygroundSerenade+1
4
Accenture
Accenture is a leading IT services firm that provides consulting, system integration, and business process outsourcing to enterprises around the world. Customers of Accenture come from a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture is the world's largest professional services company by headcount with around 800,000 employees in over 120 countries.
CyberCXThe LumeryATI Solutions Group+2
4
Ideagen
Ideagen is a Nottingham, UK-headquartered software provider listed on the London Stock Exchange AIM market under ticker IDEA.L. The company supplies governance, risk, and compliance platforms like Q-Pulse for quality management, Coruson for audit workflows, and Pentana for performance analytics to aviation, banking, life sciences, and manufacturing clients. With operations in the UK, EU, US, Middle East, and Southeast Asia, Ideagen serves over 2,000 organizations globally.
WorkSafe GuardianBeakonPlant Assessor+2
4
First Focus
First Focus is an Australia-wide managed IT services provider for mid-market organizations. Supporting thousands of end-users across hundreds of clients, it employs over 160 specialists delivering cybersecurity, cloud migration, helpdesk support, and infrastructure management from offices in Sydney, Melbourne, and Brisbane.
Tie NetworksXari GroupEnee+1
4
WiseTech Global
WiseTech is a founder-led, global leader in logistics software for international freight forwarding. WiseTech’s core product, CargoWise, is used by the majority of the top 25 global freight forwarders and has world-leading annual customer retention rates of over 99%. CargoWise’s main competition consists of inhouse software solutions and analogue processes, providing a large and highly winnable market opportunity for WiseTech’s current and future products.
Centre for Customs and Excise StudiesImpexDocsMatchBox Exchange+1
3
Valsoft
Valsoft Corporation is a Montreal-headquartered firm acquiring and scaling vertical market software businesses. It targets established SaaS providers in niche industries, integrating technology services to expand customer reach and operational efficiency across sectors like public safety, healthcare, and construction.
BuildsoftEasy EmployerWageloch+2
3
Fat Zebra
Fat Zebra is an Australian payment gateway enabling merchants to accept credit card transactions online with emphasis on security and user experience. Launched in 2010 and headquartered in Melbourne, the platform integrates with e-commerce systems through fatzebra.com for reliable payment processing.
SecurePayPin PaymentsAdatree
3
Synechron
Synechron is a New York-headquartered digital transformation consultancy founded in 2001. It serves capital markets, banking, insurance, and digital clients with 18,000 employees across 19 countries. Expertise spans AI implementations, blockchain platforms, cloud migrations, and regulatory tech for firms like Goldman Sachs and HSBC.
ChamonixExposéiGreenData+2
3

Public tech companies in Australia

Aristocrat Leisure is Australia's largest publicly listed tech company, with a market cap of $22B.

See all public companies in Australia
LogoDescriptionSectors
Aristocrat Leisure
Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. Through acquisitions of Plarium and more recently Big Fish, Aristocrat now derives a significant proportion of earnings from the faster growing mobile gaming business.
$36.38
-18.0%
$22B
$22B
5.3x
IREN
IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy. Bitcoin mining operations generate revenue by earning Bitcoin through a combination of Block rewards and transaction fees from the operation of its Bitcoin miners and exchanging these Bitcoin for fiat currencies such as USD or CAD.
$58.04
+591.8%
$21B
$22B
30x
REA Group
REA Group is a technology company operating in the real estate sector. REA Group’s primary business is an online listings platform for residential real estate, www.realestate.com.au, which is the largest residential real estate listings platform in Australia, at around 4 times the size of number two, www.domain.com.au. REA Group is majority-owned by News Corp. REA Group’s other businesses include adjacent markets and services, and investments in online listings platforms in India.
$113.31
-33.5%
$15B
$15B
12x
Computershare
Founded in Australia in 1978, Computershare has grown via acquisitions to become the world's leading provider of issuer services. Employee share plans and communications services are commonly sold together with issuer services to corporations. The company also has a business services offering and a corporate trust business, alongside a small mortgage administration business that's due to be divested. Over the medium term, around half of group EBITDA is expected to be generated from interest income on client cash balances, or margin income, which is exposed to interest-rate movements.
$24.17
-15.5%
$14B
$14B
4.5x
Pro Medicus
Pro Medicus is a healthcare IT company specializing in radiology imaging software. Its main product, Visage 7, is a clinical desktop application that radiologists use to view, enhance, and manipulate images from any device and make a diagnosis. Its main customers are US private academic hospitals. In fiscal 2025, Pro Medicus earned 90% of revenue in North America, 8% from Australia, and the remaining 2% in Europe.
$91.85
-54.2%
$9.6B
$9.4B
52x
Xero
Xero is a technology company originating from New Zealand, providing cloud-based accounting software, primarily for small and midsize enterprises, or SMEs, and accounting practices. As a first mover in the space for cloud-based accounting software, Xero has grown quickly to achieve dominant market share in New Zealand and Australia, displacing legacy providers. Xero has also expanded beyond its home region toward other English-speaking countries, primarily the United Kingdom and the United States.
$54.73
-58.2%
$9.5B
$7.3B
4.3x
WiseTech Global
WiseTech is a founder-led, global leader in logistics software for international freight forwarding. WiseTech’s core product, CargoWise, is used by the majority of the top 25 global freight forwarders and has world-leading annual customer retention rates of over 99%. CargoWise’s main competition consists of inhouse software solutions and analogue processes, providing a large and highly winnable market opportunity for WiseTech’s current and future products.
$26.91
-64.7%
$9.0B
$11B
8.3x
The Lottery Corporation
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
$3.70
+2.2%
$8.2B
$9.6B
3.6x
Nextdc
NextDC operates 17 data centers in Australian cities with a focus on colocation and interconnection between enterprises, global cloud, and ICT providers and telecommunication networks. It has another 2 data centers in Asia and 13 data centers in development or planning stage in Australia, Asia and New Zealand. NextDC provides physical space, cooling, power and security services and offers optional technical and project management support. The company’s tenants store their servers within the data center and can connect to each other, to and between global public cloud providers and telecommunication network providers via physical and virtual connections. Colocation services allow enterprises to enhance security of data transmission and reduce latency.
$10.43
+11.9%
$7.5B
$9.1B
27x
carsales.com
Car Group is a globally diversified group of online marketplaces for auto and nonauto vehicles. The group’s primary business is its Australian online marketplace for automotive, www.carsales.com.au., which is the dominant online automotive marketplace in Australia, at around nine times total time spent compared with its nearest competitor. Car Group also owns and operates businesses in various geographic, category and product adjacencies, including online marketplaces for automotive in South Korea and Latin America, nonautomotive online marketplaces in Australia and the United States, and data businesses.
$18.26
-27.7%
$6.9B
$7.9B
8.8x
TechnologyOne
Technology One is a technology company providing enterprise resource planning software, primarily to governments, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer.
$20.85
-28.6%
$6.8B
$6.6B
15x
Codan
Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.
$28.32
+121.3%
$5.2B
$5.2B
8.9x
HUB24
Hub24 is a diversified financial services business. The firm’s core platform segment engages in the development and provision of custodial and noncustodial administration services to financial advisors, stockbrokers, accountants, and their clients. The tech solutions segment provides a range of technology and data services, as well as cloud-based software. Hub24 serves individuals, companies, trusts, associations, or self-managed superannuation funds. The firm has around 9% share of the Australian platform market, in contrast to the largest five providers with an average market share of 13.5% each.
$59.39
-0.2%
$4.9B
$4.9B
14x
Cochlear
Cochlear is the leading cochlear implant device manufacturer with around 60% global market share. Developed markets contribute 80% of group revenue where cochlear implants are the standard of care for children with severe to profound hearing loss. The company also actively targets the growing cohort of seniors in developed markets. Tender-oriented emerging markets contribute the remaining 20% of group revenue. Main products include cochlear implants, bone-anchored hearing aids, and associated sound processors. In fiscal 2025, 49% of revenue came from the Americas, 34% from Europe, the Middle East, and Africa, and 18% from the Asia-Pacific segment.
$69.28
-64.1%
$4.5B
$4.6B
2.8x
Netwealth Group
Netwealth provides cloud-based investment administration software as a service in Australia via its proprietary platform. Netwealth’s platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform, which are managed by third-party investment managers.
$16.12
-29.2%
$4.0B
$4.0B
15x

Why Flow Partners as your M&A advisor

We operate across four fundamental principles that over the years enabled us to successfully advise many Australian companies.

Access to relevant buyers

We have extensive network and direct access to world's most prominent financial and strategic buyers, cultivated through years of successful M&A track record across bulge bracket investment banking.

No corporate red tape

We run lean deal processes, without BS, unnecessary time-wasting efforts and corporate inefficiencies. Our approach values candor, transparency and high-impact work to make sure great deals get done.

Thorough preparation

KPI-driven storytelling is more art than science. We have unmatched understanding of digital businesses and are experts in building sharp equity stories that present your business in a clear, concise manner.

Optimize value, not valuation

Valuation is only one side of the medal. We help creating attractive and efficient transaction structures that bridge incentive gaps between sellers, buyers and management teams.

Selected case studies

We've closed sell-side and buy-side transactions across European, US and emerging-market tech.

Our M&A track record spans strategic exits to corporate acquirers, PE buyouts, and cross-border deals where regulatory and structuring complexity actually matters.

Client logo

We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.

Client
Client
Client
Client
Client
Client

Recently completed M&A advisory projects

Selected M&A transactions and prior deal experience.

Bumble logo

M&A

Bumble logo

$3bn acquisition by Blackstone. Family of online dating brands (Badoo, Bumble, Chappy, Lumen).

10bis logo

M&A

10bis logo

€135m acquisition by Takeaway. Leading B2B online food delivery platform in Israel.

PromoFarma logo

M&A

PromoFarma logo

€80m acquisition by Zur Rose. Online e-commerce platform for pharmacy, beauty and wellness.

Bright Data logo

M&A

Bright Data logo

$200m acquisition by EMK. World's largest data collection and transformation platform.

Aroundhome logo

M&A

Aroundhome logo

Acquisition by ProSiebenSat.1 / General Atlantic. Online marketplace for household products and services.

Parship Elite Group logo

M&A

Parship Elite Group logo

€300m acquisition by Oakley Capital. Leading European online matchmaking platform.

Drushim logo

M&A

Drushim logo

Acquisition by Axel Springer. Leading Israeli online classifieds platform (jobs vertical).

Fotolia logo

M&A

Fotolia logo

$800m acquisition by Adobe. Marketplace for royalty-free images, graphics and HD videos.

Trovit logo

M&A

Trovit logo

€80m acquisition by Lifull. Spanish vertical search engine for real estate, cars and jobs.

Facile.it logo

M&A

Facile.it logo

Acquisition by Oakley Capital. Italy's largest online car insurance, gas and electricity brokerage.

mytaxi logo

Strategic Advisory

mytaxi logo

Strategic advisory. Cashless mobile taxi app connecting passengers to nearby taxis.

ASKfm logo

M&A

ASKfm logo

Acquisition by IAC. Digital social media platform for Q&A.

Yad2 logo

M&A

Yad2 logo

$228m acquisition by Axel Springer. Israel's leading classifieds and advertising portal.

Grupfoni logo

M&A

Grupfoni logo

Acquisition by Quant. Turkish membership-based daily deals site.

C More logo

M&A

C More logo

€320m acquisition by Bonnier. Pay television company across the Nordic region.

Sky Deutschland logo

Minority Acquisition

Sky Deutschland logo

€290m minority acquisition by News Corp. German direct broadcast satellite Pay TV (DACH).

SBS logo

M&A

SBS logo

€3.2bn acquisition by ProSiebenSat.1. European media group (TV, radio, print).

ProSiebenSat.1 logo

M&A

ProSiebenSat.1 logo

€3.1bn acquisition by KKR and Permira. German mass media and digital company.

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Unlike traditional M&A advisors, we truly understand tech businesses and the unique challenges they face. Our investment banking background combined with deep sector expertise allows us to build compelling equity stories and navigate complex transactions.

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M&A is the ultimate goal, but we play a long game. We're your fractional CFO to help you build financial discipline, and advise you on raising growth capital.

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We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.

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