Asia-Pacific’s construction & real estate industry saw a drop of 13.16% in cross border deal activity in Q4 2020

25 January 2021 (Last Updated February 5th, 2021 08:36)

Led by Gebr Knauf’s $1.02bn acquisition of Usg Boral Building Products, Asia-Pacific’s construction & real estate industry saw a drop of 13.16% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 33 cross border deals worth $4.17bn were announced for the region during Q4 2020, against the last four-quarter average of 38 deals.

Of all the deal types, M&A saw most activity in Q4 2020 with 25, representing a 75.8% share for the region.

In second place was venture financing with five deals, followed by private equity deals with three transactions, respectively capturing a 15.2% and 9.1% share of the overall cross border deal activity for the quarter.

In terms of value of cross border deals, M&A was the leading category in Hong Kong Special Administrative Region of China’s construction & real estate industry with $4.12bn, while venture financing and private equity deals totalled $33.82m and $10.37m, respectively.

Asia-Pacific construction & real estate industry cross border deals in Q4 2020: Top deals

The top five construction & real estate cross border deals accounted for an 87.6% share of the overall value during Q4 2020.

The combined value of the top five cross border deals stood at $3.65bn, against the overall value of $4.17bn recorded for the quarter.

The top five construction & real estate industry cross border deals of Q4 2020 tracked by GlobalData were:

1) Gebr Knauf’s $1.02bn acquisition of Usg Boral Building Products

2) The $1.01bn acquisition of Xinyi Glass Holdings by Unified Group Investments

3) Clay Holdings III’s $956.34m acquisition of Soilbuild Business Space REIT

4) The $528.97m acquisition deal with Chenani Nashri Tunnelway by Cube Highways and Infrastructure II

5) Pacific Win Investments’ acquisition of Guangdong Development Automobile City for $137.77m.

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.