Commercial law giant Herbert Smith Freehills is predicting a strong year in the M&A space, with a renewed focus from North America.
The firm said that within China more rigorous government scrutiny of outbound investments could dampen bids in 2017. It also predicted that the Foreign Investment Review Board will continue to play a “significant role” in a range of M&A transactions involving China.
This will however be offset by greater investment activity from Western economies, particularly the US and Canada, who continue to view Australia as a top destination for investment.
HSF highlighted mining as one sector it expects to ramp up this year, citing increased confidence around the direction mineral prices.