Europe’s construction & real estate industry sees a drop of 19% in deal activity in May 2019

21 June 2019 (Last Updated June 21st, 2019 13:43)

Europe’s construction & real estate industry sees a drop of 19% in deal activity in May 2019

Europe’s construction & real estate industry saw a drop of 19% in deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 47 construction & real estate industry deals worth $1.33bn were announced for the region in May 2019, against the 12-month average of 58 deals.

Of all the deal types, M&A saw most activity in May 2019 with 40 transactions, representing an 85.1% share for the region.

In second place was venture financing with four deals, followed by private equity deals with three transactions, respectively capturing an 8.5% and 6.4% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s construction & real estate industry with $1.11bn, while private equity and venture financing deals totalled $221.1m and $3.9m, respectively.

Europe construction & real estate industry deals in May 2019: Top deals

The top five construction & real estate deals accounted for 95.8% of the overall value during May 2019.

The combined value of the top five construction & real estate deals stood at $1.28bn, against the overall value of $1.33bn recorded for the month. The top announced construction & real estate deal tracked by GlobalData in May 2019 was LondonMetric Property’s $615.73m acquisition of A & J Mucklow Group.

In second place was the $236.5m stake acquisition of Infracore by Medical Properties Trust and in third place was Cheyne Capital Management (UK)’s $221.1m private equity deal with Quintain.

The $102.45m acquisition of Urbano by Amasten Fastighets and Milesville’s acquisition of Pearl for $99.43m 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.