Construction & real estate industry M&A deals in May 2019 total $10.32bn globally

20 June 2019 (Last Updated June 21st, 2019 11:09)

Construction & real estate industry M&A deals in May 2019 total $10.32bn globally

Total construction & real estate industry M&A deals in May 2019 worth $10.32bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 21.2% over the previous month and a drop of 32.5% when compared with the last 12-month average, which stood at $15.28bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $4.83bn. At the country level, the US topped the list in terms of deal value at $4.24bn.

In terms of volumes, North America emerged as the top region for construction & real estate industry M&A deals globally, followed by Asia-Pacific and then Europe.

The top country in terms of M&A deals activity in May 2019 was the US with 56 deals, followed by China with 18 and the UK with 13.

In 2019, as of the end of May 2019, construction & real estate M&A deals worth $65.89bn were announced globally, marking a decrease of 61.4% year on year.

Construction & real estate industry M&A deals in May 2019: Top deals

The top five construction & real estate industry M&A deals accounted for 65.7% of the overall value during May 2019.

The combined value of the top five construction & real estate industry M&A deals stood at $6.78bn, against the overall value of $10.32bn recorded for the month. The top announced construction & real estate industry M&A deal tracked by GlobalData in May 2019 was Park Hotels & Resorts’ $2.7bn acquisition of Chesapeake Lodging Trust.

In second place was the $1.98bn acquisition of Holcim Philippines by First Stronghold Cement Industries and in third place was City Developments’ $799.59m stake acquisition of Sincere Property Group.

The $680m acquisition of Control4 by SnapAV and London Metric Property’s acquisition of A & J Mucklow Group for $615.73m held fourth and fifth positions, respectively.

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.