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Construction & Real Estate industry cross border M&A deals total $4.12bn in Asia-Pacific in Q4 2020

05 Feb 2021 (Last Updated February 5th, 2021 08:48)

Total construction & real estate industry cross border M&A deals worth $4.12bn were announced in Asia-Pacific Q4 2020, led by Gebr Knauf’s $1.02bn acquisition, according to GlobalData’s deals database.

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The value marked an increase of 56.7% over the previous quarter and a drop of 5.1% when compared with the last four-quarter average of $4.34bn.

Asia-Pacific held a 27.25% share of the global construction & real estate industry cross border M&A deal value that totalled $15.12bn in Q4 2020. With a 7.08% share and deals worth $1.07bn, Hong Kong Special Administrative Region of China was the top country in Asia-Pacific’s cross border M&A deal value across construction & real estate industry.

In terms of deal activity, Asia-Pacific recorded 25 cross border deals during Q4 2020, marking an increase of 4.17% over the previous quarter and a drop of 13.79% over the last four-quarter average. China recorded eight deals during the quarter.

Asia-Pacific construction & real estate industry cross border M&A deals in Q4 2020: Top deals

The top five construction & real estate industry cross border M&A deals accounted for 88.6% of the overall value during Q4 2020.

The combined value of the top five cross border M&A deals stood at $3.65bn, against the overall value of $4.12bn recorded for the quarter.

The top five construction & real estate industry cross border deals of Q4 2020 tracked by GlobalData were:

1) Gebr Knauf’s $1.02bn acquisition of Usg Boral Building Products

2) The $1.01bn acquisition of Xinyi Glass Holdings by Unified Group Investments

3) Clay Holdings III’ $956.34m acquisition of Soilbuild Business Space REIT

4) The $528.97m acquisition of Chenani Nashri Tunnelway by Cube Highways and Infrastructure II

5) Pacific Win Investments’ acquisition of Guangdong Development Automobile City for $137.77m.

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.