$10b in a year: The biggest secret deals in business
Queensland firms splashed out more than $10 billion in secret mergers and acquisitions in the past year. SEE THE LIST OF MOST NOTABLE DEALS
Business
by Chris Herde
Premium Content
Subscriber only
From a Townsville physio centre being bought for $2m to big Brisbane miners paying $50m for overseas assets, Queensland notched up $10bn worth of mergers and acquisition deals in the last year quietly impacting thousands of workers.
According to accountants and business advisory firm Pitcher Partners, Bain Capital's $3.5bn takeover of Virgin Australia took the lion's share of the $10bn disclosed deals last year, 12 per cent less that the $11.5bn in 2019.