Mark Calvetti

Afterpay helped deliver a record year for mergers & acquisitions in Australia in 2022 – even as the number of deal fell to its lowest level in a decade

- March 21, 2023 2 MIN READ

Russia’s invasion of Ukraine and rising interest rates dampened merger & acquisition (M&A) deals in the first half of 2022, but even as company valuations fall, the size of transactions is growing according to William Buck’s annual Dealmaking Insights Report 2023.   In 2022, the aggregate value of M&A deals in Australia increased 59% on 2021… Read more »

Cuscal MD Craig Kennedy and Basiq founder Damir Cuca

Open banking fintech Basiq sells to payments giant Cuscal

- March 10, 2023 < 1 MIN READ

Payments platform Cuscal has acquiring Consumer Data Right startup Basiq for an undisclosed sum. The deal provides an exit for investors including NAB Ventures, Salesforce Ventures and Westpac’s Reinventure, as well as Visa. The VC arms of the Australian banks first backed Basiq in 2017, doubling down in a Series A in 2021. Cuscal, owned… Read more »


Rampersand, Startmate score exit as US media co snaps up marketing startup Brandcrush

- March 8, 2023 2 MIN READ

Startmate-backed marketing startup Brandcrush has been acquired by NASDAQ-listed media firm Criteo five years after it launched. The deal also delivers an exit for Rampersand, Luxury Escapes founder Adam Schwab, and other investors including Nicky Jackson, Jane Martino and Sean Taylor. Brandcrush was launched in 2018 by former Tribe sales director Matthew Hurle, and marketing… Read more »

Richard White

WiseTech acquires another US logistics company for $602 million

- February 17, 2023 2 MIN READ

ASX-listed WiseTech Global’s ongoing M&A spree continues with the US$414 million (A$602m) acquisition of US rail logistics company Blume Global. The deal comes just three weeks after Sydney-headquartered cargo software behemoth announced it was acquiring US logistics management software startup Envase for US$230 million (A$327m). WiseTech’s billionaire founder and CEO, Richard White, also snapped up… Read more »


US-backed payroll software co Humanforce is the latest owner of fintech Earnd

- February 9, 2023 2 MIN READ

Sydney payroll and workforce management software company Humanforce has acquired the Australian arm of fintech Wagestream – formerly Earnd – for an undisclosed sum. Its the second local startup acquisition in six months by Humanforce, which is now backed by Californian private firm, which snapped up Airtree-backed competitor Ento in September last year. Accel-KKR spent… Read more »

Andrew Barnes

Queensland edtech unicorn Go1 gobbles up UK rival Anders Pink

- January 26, 2023 2 MIN READ

Brisbane workplace learning platform Go1 has acquired five-year-old rival British content curation startup Anders Pink. The deal went through late last year for an undisclosed sum amid as part of Go1’s push into the European market after also acquiring Swiss-French edtech Coorpacademy, which delivers French and German language content. It was a busy year for… Read more »

Richard White

Logistics giant Wisetech Global just gobbled up another tech startup for $327 million

- January 25, 2023 2 MIN READ

ASX-listed shipping platform WiseTech Global has acquired yet another tech company, snapping up the US logistics management software startup Envase for US$230 million (A$327m). Founded in 2020, Envase Technologies supplies transport management system software for intermodal trucking and landside logistics in North America. The acquisition deal is with private investment firm Firmament, and several other… Read more »

Richard White

WiseTech’s billionaire founder, Richard White, snaps up regtech venture Kyckr

- January 12, 2023 2 MIN READ

Richard White, the Sydney-based billionaire founder of ASX-listed freight logistics business WiseTech Global, has acquired recently delisted data services company Kyckr. The deal is worth around $43.5 million, and was made throughWhite’s personal investment vehicle RealWise KYK AV Pty Ltd. Kyckr provides real-time Know Your Customer (KYC/KYB) and and Ultimate Beneficial Owner (UBO) data from… Read more »

The Daily Edited

The administrators of The Daily Edited found a buyer in veteran retailer Bernie Brookes

- December 23, 2022 3 MIN READ

Monogramed luxury fashion startup The Daily Edited (tde.) has new owners, with the owners of budget fashion brand Colette by Colette Hayman (CBCH), acquiring the brand from administrators KordaMentha. Parent business BJM is owned and chaired by former Myer boss Bernie Brookes. The sale price was not disclosed. Founded in 2014 by Perth-based former corporate… Read more »

Brosa cofounders Richard Li and Ivan Lim.

Kogan snaps up failed furniture retailer Brosa for $1.5 million

- December 22, 2022 3 MIN READ

ASX-listed online retailer has swooped on another distressed asset, acquiring failed furniture brand Brosa a week after it was placed in voluntary administration. Administrators KordaMentha reached a deal with (ASX:KGN) to buy Brosa’s assets for $1.5 million after more than 30 parties expressed interest in the 48 hours after the business was placed… Read more »


DEHORNED UNICORN: The Superhero-Swyftx merger is over

- December 21, 2022 3 MIN READ

The deal to merge share trading platform Superhero and crypto exchange Swyftx, which was supposed to create a fintech unicorn, is over. Superhero founders John Winters and Wayne Baskin are resuming control of their business as Swyftx grapples with the fallout from the collapse of US crypto exchange FTX and concerns of money laundering by… Read more »


TEG, the entertainment giant behind Ticketek, takes a majority stake in sports star marketplace FAN+

- December 20, 2022 2 MIN READ

Global live entertainment and ticketing giant TEG has taken a majority stake in three-year-old Sydney startup FAN+. The terms of the deal were not disclosed. FAN+ was founded by former Sydney Kings CEO Rod Hary in 2019, getting its initial momentum as part of the Qantas AVRO accelerator, and the following year, the sports-focused HYPE… Read more »

Drive Yello founder Steve Fanale and his co-CEO at 4YouInnovation, Asheesh Chacko

Cafe ordering app merges with Sydney courier service

- December 1, 2022 2 MIN READ

In an early sign that merger and acquisition activity is about to ramp up in the startup sector in order for companies to survive, Sydney-headquartered courier delivery service Drive Yello has merged with the cafe payments platform Hey You. The merged entity is known as 4You Innovation, and hopes to hit up the market for… Read more »