Total construction & real estate industry M&A deals worth $5.66bn were announced in Europe in March 2021, led by Corem Property Group’s $2.25bn acquisition of Klovern, according to GlobalData’s deals database.
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The value marked an increase of 804.1% over the previous month of $626.05m and a rise of 86.2% when compared with the last 12-month average of $3.04bn.
Europe held a 36.45% share of the global construction & real estate industry M&A deal value that totalled $15.53bn in March 2021. With a 14.55% share and deals worth $2.26bn, Sweden was the top country in Europe’s M&A deal value across construction & real estate industry.
In terms of M&A deal activity, Europe recorded 71 deals during March 2021, marking an increase of 20.34% over the previous month and a rise of 54.35% over the 12-month average. The UK recorded 31 deals during the month.
Europe construction & real estate industry M&A deals in March 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 98.4% of the overall value during March 2021.
The combined value of the top five construction & real estate deals stood at $5.57bn, against the overall value of $5.66bn recorded for the month.
The top five construction & real estate industry M&A deals of March 2021 tracked by GlobalData were:
1) Corem Property Group’s $2.25bn acquisition of Klovern
2) The $2.11bn acquisition of ChelPipe by Trubnaya Metallurgicheskaya Kompaniya
3) Immofinanz’s $1.13bn acquisition of Sparkassen Immobilien
4) The $40.45m acquisition of J Browne ConstructionLimited by Renew
5) Recticel’s asset transaction with Gor-Stal for $35.82m.
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.