Asia-Pacific’s construction & real estate industry saw a drop of 42.47% in deal activity during February 2021, when compared with the last 12-month average, led by Caribbean Hero (HK)’s $989.76m acquisition of Shanghai Xinbao Enterprise Management, according to GlobalData’s deals database.
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A total of 42 construction & real estate industry deals worth $1.62bn were announced for the region in February 2021, against the 12-month average of 73 deals.
Of all the deal types, M&A saw most activity in February 2021 with 35 transactions, representing an 83.3% share for the region.
In second place was venture financing with five deals, followed by private equity deals with two transactions, respectively capturing an 11.9% and 4.8% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s construction & real estate industry with $1.59bn, while private equity and venture financing deals totalled $32.4m and $3.36m, respectively.
Asia-Pacific construction & real estate industry deals in February 2021: Top deals
The top five construction & real estate deals accounted for 90.05% of the overall value during February 2021.
The combined value of the top five construction & real estate deals stood at $1.46bn, against the overall value of $1.62bn recorded for the month.
The top five construction & real estate industry deals of February 2021 tracked by GlobalData were:
1) Caribbean Hero (HK)’s $989.76m acquisition of Shanghai Xinbao Enterprise Management
2) The $242.78m acquisition deal with Double WealthyLtd by FS Dongguan No. 6
3) City Developments’ $131.01m acquisition of Shenzhen Tusincere Technology Park Development
4) The $51.9m acquisition of Nanjing Eastern Senior Living Health Industry by Nanjing Yincheng Real Estate Development
5) Beijing United Rongbang New Energy Technology and Inner Mongolia Xingbang United New Energy’s acquisition of Inner Mongolia Minghua Clean Energy for $46.52m.
Verdict deals analysis methodology
This analysis considers only announced and completed 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.