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  1. Deals Analysis
March 30, 2021

Construction & Real Estate industry M&A deals total $6.01bn globally in February 2021

Total construction & real estate industry M&A deals worth $6.01bn were announced globally in February 2021, led by Quikrete Holdings’ $2.74bn acquisition of Forterra, according to GlobalData’s deals database.

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The value marked a decrease of 61% over the previous month of $15.41bn and a drop of 52.1% when compared with the last 12-month average, which stood at $12.54bn.

Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.05bn. At the country level, the US topped the list in terms of deal value at $4.05bn.

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

The top country in terms of M&A deals activity in February 2021 was the US with 39 deals, followed by the UK with 19 and China with nine.

In 2021, as of February, construction & real estate M&A deals worth $21.42bn were announced globally, marking an increase of 42.7% year on year.

construction & real estate industry M&A deals in February 2021: Top deals

The top five M&A deals accounted for 84.6% of the overall value during February 2021.

The combined value of the top five construction & real estate M&A deals stood at $5.08bn, against the overall value of $6.01bn recorded for the month.

The top five construction & real estate industry M&A deals of February 2021 tracked by GlobalData were:

1) Quikrete Holdings’ $2.74bn acquisition of Forterra

2) The $989.76m acquisition of Shanghai Xinbao Enterprise Management by Caribbean Hero (HK)

3) Redfin’s $608m acquisition of RentPath

4) The $500m acquisition of by Zillow Group

5) FS Dongguan No. 6’s acquisition of Double WealthyLtd for $242.78m.

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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.

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