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  1. Deals Analysis
March 21, 2022

Construction & Real Estate industry cross border M&A deals total $2.7bn globally in February 2022

By Carmen

Total construction & real estate industry cross border M&A deals worth $2.7bn were announced globally in February 2022, led by Ho Bee Land’s $974.91m acquisition of 34 Leadenhall Street, according to GlobalData’s deals database.

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The value marked an increase of 198.8% over the previous month of $886.8m and a drop of 23.2% when compared with the last 12-month average, which stood at $3.45bn.

Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.71bn. At the country level, the UK topped the list in terms of deal value at $974.91m.

In terms of volumes, Europe emerged as the top region for construction & real estate industry cross border M&A deals globally, followed by Asia-Pacific and then North America.

The top country in terms of cross border M&A deals activity in February 2022 was the UK with five deals, followed by the US with two and Italy with two.

In 2022, as of February, construction & real estate cross border M&A deals worth $3.54bn were announced globally, marking an increase of 73.9% year on year.

construction & real estate industry cross border M&A deals in February 2022: Top deals

The top five cross border M&A deals accounted for 98.1% of the overall value during February 2022.

The combined value of the top five construction & real estate cross border M&A deals stood at $2.6bn, against the overall value of $2.7bn recorded for the month.

The top five construction & real estate industry cross border M&A deals of February 2022 tracked by GlobalData were:

1) Ho Bee Land $974.91m acquisition deal with 34 Leadenhall Street

2) The $868m acquisition of 55% stake in Toshiba Carrier by Carrier Global

3) Kingspan Group $622.59m acquisition deal with ONDURA

4) The $107.97m acquisition of Delta M by CEE-BIG

5) Puteri Harbour $26.74m acquisition deal with 3C Marina Park Sdn

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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.

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