News & Insights

The Budget Didn't Kill Negative Gearing. It Redirected the Capital.

Australia's 2026 negative gearing and CGT reforms are reshaping where investor capital flows, and healthcare, wellness and beauty are well placed to capture it.

The Budget Didn't Kill Negative Gearing. It Redirected the Capital.

Australia's 2026 negative gearing and CGT reforms are reshaping where investor capital flows, and healthcare, wellness and beauty are well placed to capture it.

Beauty's Big Roll-Ups Are Running Out of Road. That's Good News for Founders in the Lower Mid-Market.

Global beauty M&A looks like a party that never ended. BeautyMatter's Deal Index tracked 83 transactions in the first quarter of 2026 alone, up more than 40% year-on-year, and one single...

Beauty's Big Roll-Ups Are Running Out of Road. That's Good News for Founders in the Lower Mid-Market.

Global beauty M&A looks like a party that never ended. BeautyMatter's Deal Index tracked 83 transactions in the first quarter of 2026 alone, up more than 40% year-on-year, and one single...

While Australia Watches the Big Healthcare Deals, the Real Action Is in the Clinics Nobody's Covering.

A$2.5 billion. That's the headline number attached to Bain Capital's exit of Estia Health to Stonepeak, announced in February 2026, and it's the kind of figure that dominates healthcare M&A...

While Australia Watches the Big Healthcare Deals, the Real Action Is in the Clinics Nobody's Covering.

A$2.5 billion. That's the headline number attached to Bain Capital's exit of Estia Health to Stonepeak, announced in February 2026, and it's the kind of figure that dominates healthcare M&A...

Recurring Revenue Is Becoming the Real Currency of ANZ Wellness and Beauty.

A single-location aesthetics clinic in Brisbane and a national medi-spa platform can post the same annual revenue and still be worth wildly different multiples to a buyer. The difference rarely...

Recurring Revenue Is Becoming the Real Currency of ANZ Wellness and Beauty.

A single-location aesthetics clinic in Brisbane and a national medi-spa platform can post the same annual revenue and still be worth wildly different multiples to a buyer. The difference rarely...

The Bolt-On Tax: What Australia's New Merger Regime Means for Specialty Retail Roll-Ups.

For a decade, the fastest way to build scale in fragmented Australian specialty retail was simple. Buy a platform, then quietly stitch on smaller competitors one at a time, deal...

The Bolt-On Tax: What Australia's New Merger Regime Means for Specialty Retail Roll-Ups.

For a decade, the fastest way to build scale in fragmented Australian specialty retail was simple. Buy a platform, then quietly stitch on smaller competitors one at a time, deal...

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