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Capital Call: insights into the latest trends in Private Capital in Australia

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    Welcome to Capital Call where you'll find insights and the latest news in the world of Private Capital in Australia and the APAC region.

    We'll regularly bring you articles covering recent deals and recent developments impacting Private Equity, Private Debt and Venture Capital.

    Articles

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    Top 5 M&A trends for 2025

    Anton Harris and Brooke Coghlan look at the themes that have shaped private equity activity through 2025 (and will likely continue into 2026) including how sponsors are sourcing opportunities, managing risk, and positioning for exits in an improving market.


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    Distress in the market in 2025 – A year in review

    James Marshall and Alinta Kemeny reflect on contributing factors and notable trends surrounding the ongoing surge in financial distress and insolvency in 2025, with reference to some recent high profile matters.


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    Is AI the new gold rush?

    Stuart Dullard, Nina Fitzgerald and Geoff McGrath share some observations on the current explosion of AI venture capital funding worldwide and the evolving regulatory landscape for AI in Australia.

     

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    From deadlock to deal: Expert determination in M&A.


    Susannah Macknay and Angela Pearsall discuss factors to consider when deciding whether to use expert determination as a route to resolving disputes in M&A transactions

     

     


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    Rolling forward: The rise of continuation vehicles in private equity


    Long-established in Europe and the US, continuation funds are starting to take off in Australia. In this article, Ben Landau takes a closer look at continuation funds and how they are gaining traction here - with a maturing market and managers seeking opportunities for longer-term capital management.

     

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    PE deals in the spotlight – five things you need to know about navigating the new ACCC reforms

    On 1 January 2026, the new mandatory notification rules take effect – in some cases impacting private equity firms on deals where the target has revenue as little as $10 million. Alyssa Phillips gives us the low-down on the new ACCC reforms, particularly in the context of roll-up acquisitions and competitive bid processes.

     

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    Debt financier liability protection in M&A documentation – are Xerox provisions the new black?

    Xerox provisions have become established practice in US M&A deals. From an Australia perspective, the traditional view is that they should not be required, but we are increasingly seeing them as a requirement of US debt funding sources. Emma de Carle, Shawn Wytenburg and Rob Bradshaw take a closer look at this phenomenon and consider whether Xerox provisions are the new black.

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    Back in business? The Australian IPO market eyes a comeback

    When will the Australian IPO market bounce back? Trish Paton considers this million dollar question and looks at recent ASIC changes intended to facilitate and expedite IPOs. Will these changes kick-start the market? Well, no, but it is a welcome accommodation that can only help.

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    The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
    Readers should take legal advice before applying it to specific issues or transactions.