Total construction & real estate industry deals worth $8.54bn were announced globally for February 2021, with the $2.74bn acquisition of Forterra being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 63.7% over the previous month of $23.52bn and a drop of 56.1% when compared with the last 12-month average of $19.47bn.
In terms of number of deals, the sector saw a drop of 24.64% with 159 deals in February 2021 when compared to the last 12-month average of 211 deals.
In value terms, North America led the activity with deals worth $5.69bn in February 2021.
Construction & Real Estate industry deals in February 2021: Top deals
The top five deals accounted for 75.4% of the overall value during February 2021.
The combined value of the top five deals stood at $6.44bn, against the overall value of $8.54bn recorded for the month.
The top five construction & real estate industry deals of February 2021 tracked by GlobalData were:
1) Quikrete Holdings’ $2.74bn acquisition of Forterra
2) The $1.6bn private equity deal with Interior Logic Group by The Blackstone Group
3) Caribbean Hero (HK)’s $989.76m acquisition of Shanghai Xinbao Enterprise Management
4) The $608m acquisition deal of RentPath by Redfin
5) Zillow Group’s acquisition deal with ShowingTime.com for $500m.
Verdict deals analysis methodology
This analysis considers only announced and completed 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.