Total construction & real estate industry cross border M&A deals worth $5.97bn were announced in Asia-Pacific in Q1 2021, led by Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding, according to GlobalData’s deals database.
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The value marked an increase of 44.6% over the previous quarter and a rise of 12.6% when compared with the last four-quarter average of $5.3bn.
Asia-Pacific held a 35.33% share of the global construction & real estate industry cross border M&A deal value that totalled $16.9bn in Q1 2021. With a 17.81% share and deals worth $3.01bn, 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 32 cross border deals during Q1 2021, marking an increase of 14.29% over the previous quarter and a rise of 4.07% over the last four-quarter average. Hong Kong Special Administrative Region of China recorded seven deals during the quarter.
Asia-Pacific construction & real estate industry cross border M&A deals in Q1 2021: Top deals
The top five construction & real estate industry cross border M&A deals accounted for 81.4% of the overall value during Q1 2021.
The combined value of the top five cross border M&A deals stood at $4.85bn, against the overall value of $5.97bn recorded for the quarter.
The top five construction & real estate industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding
2) The $989.76m acquisition of 50% stake in Shanghai Xinbao Enterprise Management by Caribbean Hero (HK)
3) Kaisa Group Holdings’ $761.64m acquisition of 100% stake in Logic Capital
4) The $748.8m acquisition of 64.62% stake in Sichuan Languang Justbon Services Group by Country Garden Property Services HK HoldingsLimited
5) Beijer Ref’s acquisition of Complete Air Supply for $361.5m.
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.