Brookfield Asset Management’s $6.5bn private equity deal with Brookfield Property Partners was the construction & real estate industry’s biggest cross border deal of Q1 2021 as cross border deals worth $27.18bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 48.4% over the previous quarter and a rise of 30.5% when compared with the last four-quarter average of $20.83bn.
In terms of number of cross border deals, the sector saw a rise of 12.76% with 148 deals in Q1 2021 against the average of 131.25 deals in the last four-quarters.
In value terms, Europe led the activity with cross border deals worth $8.55bn.
construction & real estate industry cross border deals in Q1 2021: Top deals
The top five construction & real estate industry cross border deals accounted for 69.7% of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $18.95bn, against the overall value of $27.18bn recorded for the quarter.
The top five construction & real estate industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Brookfield Asset Management’s $6.5bn private equity deals with Brookfield Property Partners
2) The $5.19bn acquisition of CA Immobilien Anlagen by SOF-11 Klimt CAI S.a.r.l
3) LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC
4) The $1.99bn acquisition of Hong Da Development & Investment Holding by Kaisa Group Holdings
5) EQT Partners’ private equity with Exeter Property Group for $1.87bn.
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.