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Construction & Real Estate industry cross border deals total $883.83m globally in November 2020

24 Dec 2020 (Last Updated December 29th, 2020 19:03)

Total construction & real estate industry cross border deals worth $883.83m were announced globally for November 2020, with Gaoling Fund, Hillhouse Capital Group, Image Architecture Investment (Hong Kong), Magical Carpet, Snow Lake China Master Fund and YHG Investment’s $370m private equity deal with Sunac Services Holdings being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 27.27% over the previous month and a drop of 87.15% when compared with the last 12-month average of $6.85bn.

In terms of number of cross border deals, the sector saw a drop of 21.19% with 32 deals in November 2020 when compared to the last 12-month average of 41 deals.

In value terms, Asia-Pacific led the activity with cross border deals worth $638.79m in November 2020.

construction & real estate industry cross border deals in November 2020: Top deals

The top five cross border deals accounted for 83.2% of the overall value during November 2020.

The combined value of the top five cross border deals stood at $735.57m, against the overall value of $883.83m recorded for the month.

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

1) Gaoling Fund, Hillhouse Capital Group, Image Architecture Investment (Hong Kong), Magical Carpet, Snow Lake China Master Fund and YHG Investment’s $370m private equity deal with Sunac Services Holdings

2) The $170m acquisition of Hooplife Technology Group by Baiying Development (Hong Kong)

3) Shun Yin’s $75.18m acquisition of Shanghai Suzuan Investment

4) The $67.45m acquisition deal of Shanghai Tongxin InvestmentLimited by Tak Hope

5) CRCT Investment (Hangzhou II)’s acquisition deal with Ascendas Hangzhou Data Processing for $52.94m.

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.