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Hot Topic Dealmakers
Hot Topic Dealmakers
NBR Focus
10 mins to read

Dealmakers 2025: From arm wrestles to handshakes

ANALYSIS: Average M&A transaction value has rocketed up despite a pause in deal-making due to Donald Trump’s tariff curve-ball.

WATCH: NBR explores the state of the NZ M&A industry.

Will Mace Mon, 13 Oct 2025
Key points
  • What’s at stake: How and why companies buy and sell each other is a reflection of confidence and capital in the market. Gaining insights from advisers and counter-parties that are engaged in M&A helps us understand where value lies in the economy now, and into the future.
  • Background: The fifth year of Dealmakers shows a large increase in the value of deals being done, although the number of transactions continues to remain relatively low.
  • Key players: Investment bankers, lawyers, professional services firms, PE participants, SME brokers, capital markets, business owners.

Making a deal has been more akin to an arm wrestle than a handshake over the past year or two.

It’s the interminable back and forth of white-knuckle negotiation, where neither buyer nor seller is willing to give an inch in order to get a deal over the line.

Many companies that were once intent on

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Will Mace Mon, 13 Oct 2025
Contact the Writer: william@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • What’s at stake: How and why companies buy and sell each other is a reflection of confidence and capital in the market. Gaining insights from advisers and counter-parties that are engaged in M&A helps us understand where value lies in the economy now, and into the future.
  • Background: The fifth year of Dealmakers shows a large increase in the value of deals being done, although the number of transactions continues to remain relatively low.
  • Key players: Investment bankers, lawyers, professional services firms, PE participants, SME brokers, capital markets, business owners.
Dealmakers 2025: From arm wrestles to handshakes
NBR Focus,
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