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 ShowingTime.com by Zillow Group
5) FS Dongguan No. 6’s acquisition of Double WealthyLtd for $242.78m.