GFC has significant impact on M&A activity in Australia in the 2009 financial year

Melbourne, Monday, December 7, 2009 – RSM Bird Cameron’s 2009 Business Acquisition and Impairment Review, released today, has found a significant decrease in Australian M&A activity during the 2009 financial year.

The review found the total cost of business acquisitions had reduced by more than 50 per cent, due to the impact of the global economic crisis.

The inaugural annual review analyses the financial statements of a diverse cross-section of 150 Australian listed companies to assess the financial reporting impact of acquisitions made by these companies during the 2008 and 2009 financial years.

The analysis is segmented into ASX 300 and non ASX 300 entities providing insight into the different acquisition strategies of large, medium and small companies.

“With the global credit crunch restricting the availability of debt and equity capital, particular emphasis has been placed on assessing the impact of credit rationing on the Australian M&A markets,” said Glyn Yates, principal corporate finance, RSM Bird Cameron. Read more ❯