Europe’s construction & real estate industry saw a flat growth in cross border deal activity during February 2021, when compared with the last 12-month average, led by Cornerstone Partners and Crestyl Real Estate’s $404.33m acquisition of Budimex Nieruchomosci, according to GlobalData’s deals database.
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A total of 21 construction & real estate industry cross border deals worth $945.41m were announced for the region in February 2021, against the 12-month average of 21 deals.
Of all the deal types, M&A saw most activity in February 2021 with 12 transactions, representing a 57.1% share for the region.
In second place was private equity with eight deals, followed by venture financing deals with one transactions, respectively capturing a 38.1% and 4.8% 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 $784.51m, while M&A and venture financing deals totalled $157.77m and $3.13m, respectively.
Europe construction & real estate industry cross border deals in February 2021: Top deals
The top five construction & real estate cross border deals accounted for 99.7% of the overall value during February 2021.
The combined value of the top five construction & real estate cross border deals stood at $942.28m, against the overall value of $945.41m recorded for the month.
The top five construction & real estate industry cross border deals of February 2021 tracked by GlobalData were:
1) Cornerstone Partners and Crestyl Real Estate’s $404.33m private equity deal with Budimex Nieruchomosci
2) The $361.98m private equity deal with iad France by Insight Partners
3) Duke Ir.l’s $110.15m acquisition of Valmieras Stikla Skiedra
4) The $47.62m acquisition of Marcon-Gruppen I Sverige by Endur
5) Andy Shepherd, Jeff Doble and Oakley Capital IV’s private equity deal with Dexters London for $18.2m.
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.