North America’s construction & real estate industry sees a drop of 30.9% in deal activity in April 2019

20 May 2019 (Last Updated May 20th, 2019 11:17)

North America’s construction & real estate industry sees a drop of 30.9% in deal activity in April 2019

North America’s construction & real estate industry saw a drop of 30.9% in deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 56 construction & real estate industry deals worth $2.57bn were announced for the region in April 2019, against the 12-month average of 81 deals.

Of all the deal types, M&A saw most activity in April 2019 with 42 transactions, representing a 75% share for the region.

In second place was venture financing with nine deals, followed by private equity deals with five transactions, respectively capturing a 16.1% and 8.9% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in North America’s construction & real estate industry with $2.25bn, while venture financing and M&A deals totalled $205m and $123.39m, respectively.

North America construction & real estate industry deals in April 2019: Top deals

The top five construction & real estate deals accounted for 99.03% of the overall value during April 2019.

The combined value of the top five construction & real estate deals stood at $2.55bn, against the overall value of $2.57bn recorded for the month. The top announced construction & real estate deal tracked by GlobalData in April 2019 was OMERS Infrastructure Management’s $2.25bn private equity deal with 407 International.

In second place was the $160m venture financing of Lyric Hospitality by Adam Bain, Airbnb, Barry Sternlicht, Dick Costolo, New Enterprise Associates, Obvious Ventures, RXR Realty, SignalFire Management Services, Sinewave Ventures, Tishman Speyer Properties and Tusk Ventures and in third place was Global Medical REIT’s $94m asset transaction with CNL Healthcare Trust.

The $29.39m stake acquisition of Ministerium Capital by Full Season International and 8VC, Aquiline Technology Growth, Liberty Mutual Strategic Ventures, Moderne Ventures, Munich Re/HSB Ventures, Qatar Investment Authority and Solon Mack Capital’s venture financing of Super Home for $20m held fourth and fifth positions, respectively.

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.