Construction & real estate M&As down 52% on 12-month average

Total construction & real estate industry M&A deals worth $6.01bn were announced globally in February 2021, according to GlobalData’s deals database.

The value marked a decrease of 61% over the previous month, which recorded $15.41bn, and a drop of 52.1% when compared with the last 12-month average, which stood at $12.54bn.

North America held the top position by deal value, with $4.05bn worth of deals announced in the period. In terms of deal volume, Europe was the top region, followed by North America and Asia-Pacific.

As of February, construction & real estate M&A deals worth $21.42bn were announced globally in 2021, marking an increase of 42.7% year on year.

Top five deals, as tracked by GlobalData:

1. Quikrete Holdings’ $2.74bn acquisition of Forterra,
2. The $989.76m acquisition of Shanghai Xinbao Enterprise Management by Caribbean Hero,
3. Redfin’s $608m acquisition of RentPath,
4. The $500m acquisition of ShowingTime.com by Zillow Group,
5. FS Dongguan No. 6’s acquisition of Double Wealthy Ltd for $242.78m.

A total of $1.57bn cross border M&A deals were announced globally in February 2021, according to GlobalData’s deals database.

The value marked a decrease of 85% over the previous month of $10.44bn and a drop of 65.2% when compared with the last 12-month average, which stood at $4.51bn.

In 2021, as of February, construction & real estate cross border M&A deals worth $12.01bn were announced globally, marking an increase of 6.8% year on year.

Top five deals, as tracked by GlobalData:

1. Caribbean Hero (HK)’s $989.76m acquisition of Shanghai Xinbao Enterprise Management,
2. The $242.78m acquisition of Double WealthyLtd by FS Dongguan No. 6,
3. City Developments’ $131.01m acquisition of Shenzhen Tusincere Technology Park Development,
4. The $110.15m acquisition of Valmieras Stikla Skiedra by Duke,
5. Endur’s acquisition of Marcon-Gruppen I Sverige for $47.62m.