08/2007100%LBO

Multiplex Global acquired by Brookfield

UNITED KINGDOM Construction EV AUD 1–10bn

Context

Brookfield Asset Management Inc. has offered to buy Multiplex Group in an all-cash deal, marking the company's first foray into the Australian market and part of its global expansion plan. The proposed deal expands Brookfield's asset base through the acquisition of additional assets and is a strategic fit for the company. The offer has a total enterprise value and is subject to certain conditions, including a minimum acceptance condition of 50.1 percent of Multiplex Group securities. The acquisition is expected to bring complementary assets to Brookfield, outside of the countries it currently operates in, and it appears that Brookfield wants the management team to stay on. The deal is not subject to Australian Consumer and Competition Commission or other anti-competitive approvals.

Multiplex Global, which reported an EBITDA margin of [members only] in 2007, is valued in this transaction at an EV/EBITDA multiple of [members only].

Target

Multiplex Global Limited is a leading international construction group with a strong presence in Australia, the UK, and Canada. Emerging from the restructuring of the historic Multiplex group, which has its roots in Australia dating back over sixty years, the company has established itself as a major player in the delivery of complex infrastructure and building projects. The group specializes in large-scale projects, including high-rise buildings, hospitals, data centers, and mixed-use urban developments. Its positioning is built on a recognized expertise in managing complex, high-value-added projects, combining engineering, execution, and integrated site management. With an established presence in strategic construction markets, including Australia, which is driven by demographic growth and urbanization needs, the UK, with a strong foothold in London, and Canada, a growing market supported by a dynamic of public and private investments, Multiplex boasts a significant project portfolio and a robust order book, providing the group with substantial operational visibility.

Ent. Value

AUD 1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (AUD)

Year

Rev

EBITDA

EBIT

2007

2006

Other operations with Multiplex Global

Other operations with Multiplex Global
Date	Acquirer	Target	Country	Sector
06/2026	OBAYASHI CORPORATION	MULTIPLEX GLOBAL	UNITED KINGDOM	Construction

Other operations with Brookfield

Other operations with Brookfield
Date	Acquirer	Target	Country	Sector
09/2026	BROOKFIELD	RELIANCE WORLDWIDE CORPORATION	UNITED STATES	Valves, Pumps & Taps
05/2026	BROOKFIELD	WORLD FREIGHT COMPANY	FRANCE	Freight Forwarding
05/2026	BROOKFIELD / GIC	NATIONAL STORAGE	AUSTRALIA	Property Management
03/2025	BROOKFIELD	NEOEN	FRANCE	Solar / PV

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11/2018	PAI PARTNERS	STELLA	FRANCE	External Joinery
11/2018	STELLA	FLIP	FRANCE	External Joinery
01/2018	COLAS	ALLIED INFRASTRUCTURE MANAGEMENT	UNITED KINGDOM	Infrastructure
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REFERENCES

Valuation range: EV AUD 1–10bn

Revenue range: AUD 1–10bn

EV/Revenue range: 1x - 3x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Multiplex Global by Brookfield are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: multiplex global

FAQ

What transaction does this page cover?

This page covers Brookfield’s acquisition of 100% of Multiplex Global, a British company specialised in Construction, in 2007, structured as a leveraged buyout (LBO). Ownership has since evolved, leading to a subsequent transaction with Obayashi Corporation in June 2026 (see the dedicated deal page for details).

How was the acquisition of Multiplex Global by Brookfield valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the AUD 1–10bn band and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What was Multiplex Global’s revenue at the time of the deal?

At the time of the transaction, Multiplex Global’s annual revenue was estimated within the AUD 1–10bn range (FY 2007). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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