Total construction & real estate industry cross border deals worth $32.9bn were announced globally for February 2022, with the $23.77bn private equity deal with Mileway being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 496.2% over the previous month of $5.51bn and a rise of 335.1% when compared with the last 12-month average of $7.55bn.
In terms of number of cross border deals, the sector saw a drop of 13.33% with 52 deals in February 2022 when compared to the last 12-month average of 60 deals.
In value terms, Europe led the activity with cross border deals worth $25.55bn in February 2022.
construction & real estate industry cross border deals in February 2022: Top deals
The top five cross border deals accounted for 94.1% of the overall value during February 2022.
The combined value of the top five cross border deals stood at $30.92bn, against the overall value of $32.9bn recorded for the month.
The top five construction & real estate industry cross border deals of February 2022 tracked by GlobalData were:
1) Blackstone $23.77bn private equity deal with Mileway
2) The $3.8bn private equity of Capital Automotive Real Estate Services by Ares Alternative Credit and Ares Real Estate Group
3) Apollo Global Management $1.5bn private equity deal with Aldar Properties
4) The $974.91m acquisition of 34 Leadenhall Street by Ho Bee Land
5) Carrier Global $868m acquisition deal with Toshiba Carrier
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.