Europe’s construction & real estate industry saw a flat growth in cross border deal activity during August 2021, when compared with the last 12-month average, led by Apollo European Principal Finance Fund III’s $998.26m acquisition of Ente Nazionale di Previdenza ed Assistenza dei Medici e degli Odontoiatri (ENPAM), according to GlobalData’s deals database.
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A total of 27 construction & real estate industry cross border deals worth $2.1bn were announced for the region in August 2021, against the 12-month average of 27 deals.
Of all the deal types, M&A saw most activity in August 2021 with 15 transactions, representing a 55.6% share for the region.
In second place was private equity with nine deals, followed by venture financing deals with three transactions, respectively capturing a 33.3% and 11.1% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, private equity was the leading category in Europe’s construction & real estate industry with $998.26m, while M&A and venture financing deals totalled $950.67m and $127.38m, respectively.
Europe construction & real estate industry cross border deals in August 2021: Top deals
The top five construction & real estate cross border deals accounted for 98.7% of the overall value during August 2021.
The combined value of the top five construction & real estate cross border deals stood at $2.05bn, against the overall value of $2.1bn recorded for the month.
The top five construction & real estate industry cross border deals of August 2021 tracked by GlobalData were:
1) Apollo European Principal Finance Fund III $998.26m private equity deal with Ente Nazionale di Previdenza ed Assistenza dei Medici e degli Odontoiatri (ENPAM)
2) The $693.35m acquisition of 11.8% stake in Entra by Castellum
3) Cementos Molins $177.99m acquisition deal with Calucem
4) The $100m venture financing of Plentific by A/O Proptech,Brookfield Technology Partners,Highland Europe (UK),Mubadala Development,RXR Realty and Target Global
5) Storebrand $79.33m acquisition deal with Capital Investment
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.