North America’s construction & real estate industry sees a rise of 5.2% in deal activity in Q1 2020

23 April 2020 (Last Updated April 23rd, 2020 10:51)
North America’s construction & real estate industry sees a rise of 5.2% in deal activity in Q1 2020

North America's construction & real estate industry saw a rise of 5.2% in overall deal activity during Q1 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 241 deals worth $13.04bn were announced for the region during Q1 2020, against the last four-quarter average of 229 deals.

Of all the deal types, M&A saw most activity in Q1 2020 with 186, representing a 77.2% share for the region.

In second place was venture financing with 28 deals, followed by private equity deals with 27 transactions, respectively capturing an 11.6% and 11.2% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America's construction & real estate industry with $11.17bn, while private equity and venture financing deals totalled $1.64bn and $232.86m, respectively.

North America construction & real estate industry deals in Q1 2020: Top deals

The top five construction & real estate deals accounted for 84.5% of the overall value during Q1 2020.

The combined value of the top five construction & real estate deals stood at $11.02bn, against the overall value of $13.04bn recorded for the quarter.

The top five construction & real estate industry deals of Q1 2020 tracked by GlobalData were:

1) KingSett Capital and Starlight Group Property Holdings’ $3.63bn acquisition of Northview Apartment REIT

2) The $3.6bn acquisition of Taubman Centers by Simon Property Group

3) Amherst Residential's $2.3bn acquisition of Front Yard Residential

4) The $850m acquisition of Miller Pipeline and Minnesota Limited by PowerTeam Services

5) Caisse de depot et placement du Quebec, Fonds de solidarite FTQ and Placements CMI's private equity deal with American Industrial Partners for $642.78m.

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.