Australia M&A Sparks to Life With $8 Billion Qube Deal (1)

The A$11.7 billion ($8.3 billion) acquisition of Qube Holdings Ltd.by a Macquarie-led group has given dealmakers in Australia a much-needed lift after a tricky 2025 and at least one big missed opportunity early this year.

Macquarie Asset Managementis heading a consortium paying A$5.20 per Qube share in what will be — pending approvals — the biggest M&A deal in Australia since Blackstone Inc. bought AirTrunk in a A$24 billion transaction in 2024. Macquarie Capital advised the buyers, while UBS Group AG advised Qube.

Monday’s announcement helps to tee up 2026 nicely for bankers scarred by the collapse of ...