Total construction & real estate industry cross border M&A deals worth $6.96bn were announced in Europe in Q1 2021, led by SOF-11 Klimt CAI S.a.r.l’s $5.19bn acquisition of CA Immobilien Anlagen, according to GlobalData’s deals database.
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The value marked a decrease of 41.1% over the previous quarter and a rise of 26.8% when compared with the last four-quarter average of $5.49bn.
Europe held a 41.18% share of the global construction & real estate industry cross border M&A deal value that totalled $16.9bn in Q1 2021. With a 33.20% share and deals worth $5.61bn, Austria was the top country in Europe’s cross border M&A deal value across construction & real estate industry.
In terms of deal activity, Europe recorded 49 cross border deals during Q1 2021, marking a decrease of 7.55% over the previous quarter and a rise of 7.69% over the last four-quarter average. The UK recorded 11 deals during the quarter.
Europe 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 95.6% of the overall value during Q1 2021.
The combined value of the top five cross border M&A deals stood at $6.65bn, against the overall value of $6.96bn recorded for the quarter.
The top five construction & real estate industry cross border deals of Q1 2021 tracked by GlobalData were:
1) SOF-11 Klimt CAI S.a.r.l’s $5.19bn acquisition of CA Immobilien Anlagen
2) The $934.57m acquisition of 100% stake in Luyuan Investment Holdings by Jiayuan International Group
3) Aggregate Holdings’ $267.42m acquisition of 10.54% stake in Immofinanz
4) The $145.38m acquisition of 9.03% stake in Sparkassen Immobilien by Aggregate Holdings
5) Duke Ir.l’s acquisition of 83.14% stake in Valmieras Stikla Skiedra for $110.15m.
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.