M&A volumes in the ANZ region was robust during H1 2026 with 101 deals announced. Private Equity firms were the buyers in 31% of these transactions as demand from strategic and financial buyers remained strong.

VC funding in the ANZ region peaked in 2021 and has been drying up ever since, a trend that continued in the first half of 2026. The median VC funding size was only $6.3M, significantly less than the median disclosed M&A transaction value, so sellers have been encouraged to instead pursue M&A strategies for growth and liquidity.  

In the half of 2026, disclosed deal values reached $1.2 billion, representing only 16% of transactions publicly reported as buyers continued to keep their M&A strategies private. 

Australia-based Advent Partners was the most active acquirer in the first half of the year, completing five acquisitions. U.S.-based Accel-KKR and Evergreen Services Group each completed three acquisitions, while U.S.-based OMERS Private Equity, Australia-based Canva and First Focus IT, and U.S.-based Ripple Labs each completed two acquisitions during the period.