Total construction & real estate industry cross border M&A deals worth $477.39m were announced globally in November 2020, led by Baiying Development (Hong Kong)’s $170m acquisition of Hooplife Technology Group, according to GlobalData’s deals database.
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The value marked a decrease of 59.2% over the previous month and a drop of 85.62% when compared with the last 12-month average, which stood at $3.32bn.
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 $268.79m. At the country level, the China topped the list in terms of deal value at $247.03m.
In terms of volumes, Asia-Pacific emerged as the top region for construction & real estate industry cross border M&A deals globally, followed by North America and then Europe.
The top country in terms of cross border M&A deals activity in November 2020 was the US with five deals, followed by the China with four and Canada with two.
In 2020, as of November, construction & real estate cross border M&A deals worth $32.42bn were announced globally, marking an increase of 28.1% year on year.
construction & real estate industry cross border M&A deals in November 2020: Top deals
The top five cross border M&A deals accounted for 87.4% of the overall value during November 2020.
The combined value of the top five construction & real estate cross border M&A deals stood at $417.03m, against the overall value of $477.39m recorded for the month.
The top five construction & real estate industry cross border M&A deals of November 2020 tracked by GlobalData were:
1) Baiying Development (Hong Kong)’s $170m acquisition of Hooplife Technology Group
2) The $75.18m acquisition of Shanghai Suzuan Investment by Shun Yin
3) Tak Hope’s $67.45m acquisition of Shanghai Tongxin Investment
4) The $52.94m acquisition of Ascendas Hangzhou Data Processing by CRCT Investment (Hangzhou II)
5) CRCT Investment (Hangzhou I)’s acquisition of Ascendas Hangzhou Science & Technology for $51.47m.
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.