Total construction & real estate industry cross border M&A deals worth $1.57bn were announced globally in February 2021, led by Caribbean Hero (HK)’s $989.76m acquisition of Shanghai Xinbao Enterprise Management, according to GlobalData’s deals database.
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The value marked a decrease of 85% over the previous month of $10.44bn and a drop of 65.2% when compared with the last 12-month average, which stood at $4.51bn.
Comparing cross border M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.41bn. At the country level, the China topped the list in terms of deal value at $1.12bn.
In terms of volumes, Asia-Pacific emerged as the top region for construction & real estate industry cross border M&A deals globally, followed by Europe and then North America.
The top country in terms of cross border M&A deals activity in February 2021 was the US with four deals, followed by the China with three and Indonesia with two.
In 2021, as of February, construction & real estate cross border M&A deals worth $12.01bn were announced globally, marking an increase of 6.8% year on year.
construction & real estate industry cross border M&A deals in February 2021: Top deals
The top five cross border M&A deals accounted for 96.9% of the overall value during February 2021.
The combined value of the top five construction & real estate cross border M&A deals stood at $1.52bn, against the overall value of $1.57bn recorded for the month.
The top five construction & real estate industry cross border M&A 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 of Double WealthyLtd by FS Dongguan No. 6
3) City Developments’ $131.01m acquisition of Shenzhen Tusincere Technology Park Development
4) The $110.15m acquisition of Valmieras Stikla Skiedra by Duke Ir.l
5) Endur’s acquisition of Marcon-Gruppen I Sverige for $47.62m.
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.