Led by $1.99bn acquisition of Hong Da Development & Investment Holding, Asia-Pacific’s construction & real estate industry saw a drop of 6.33% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 37 cross border deals worth $5.98bn were announced for the region during Q1 2021, against the last four-quarter average of 39.50 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 32 deals, representing an 86.5% share for the region.
In second place was venture financing with four deals, followed by private equity deals with one transactions, respectively capturing a 10.8% and 2.7% 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 Asia-Pacific’s construction & real estate industry with $5.97bn, followed by venture financing deals totalled $15.58m.
Asia-Pacific construction & real estate industry cross border deals in Q1 2021: Top deals
The top five construction & real estate cross border deals accounted for an 81.2% share of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $4.85bn, against the overall value of $5.98bn recorded for the quarter.
The top five construction & real estate industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding
2) The $989.76m acquisition of Shanghai Xinbao Enterprise Management by Caribbean Hero (HK)
3) Kaisa Group Holdings’ $761.64m acquisition of Logic Capital
4) The $748.8m acquisition deal with Sichuan Languang Justbon Services Group by Country Garden Property Services HK HoldingsLimited
5) Beijer Ref’s acquisition of Complete Air Supply for $361.5m.
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.