Oct 22, 2021
Perfectly timed with the M&A boom
On October 23rd, Erin Tinker, the M&A head of Barrenjoey, was going to be on the deal team for the $32 billion bid of the Sydney Airport defence. She worked in Macquarie's strategy and business leadership before and worked in UBS before joining the waste management group Suez.
Barrenjoey has advised seven deals with a combined $US67.5 billion in the year to date. In comparison, Goldman Sachs had roles in 35 deals with a combined $US111 billion, and Macquarie Group advised on 53 deals with a combined value of $US77.8 billion. In addition, Barrenjoey, invested by Magellan Group with$400 million, has a differentiated culture in investment banking from the outset with only two levels: Partner and Principal.
This year, the M&A boom is showing no signs of evaporating in the market, thanks to cheap funding, record levels of private capital, active institutional investors and positioning for a "new world". More than $174.5 billion of deals had been announced, almost double the last record in 2018, with the average size being $4.1 billion compared to $1.2 billion over the past decade. The most active sectors are transportation and utilities, technology and mining & resources. While the COVID-19 catch-up going brings a short-term impact, Tinker expected the long-term trends are with few signs of slowing down with technology and digitization and a push into environmental, social, and corporate governance considerations.
