North America’s construction & real estate industry sees a drop of 49.2% in deal activity in Q2 2020

27 July 2020 (Last Updated July 27th, 2020 12:16)

North America’s construction & real estate industry sees a drop of 49.2% in deal activity in Q2 2020

North America's construction & real estate industry saw a drop of 49.2% in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 119 deals worth $2.23bn were announced for the region during Q2 2020, against the last four-quarter average of 234 deals.

Of all the deal types, M&A saw most activity in Q2 2020 with 79, representing a 66.4% share for the region.

In second place was venture financing with 27 deals, followed by private equity deals with 13 transactions, respectively capturing a 22.7% and 10.9% share of the overall deal activity for the quarter.

In terms of value of deals, private equity was the leading category in North America's construction & real estate industry with $983.33m, while M&A and venture financing deals totalled $950.69m and $299.58m, respectively.

North America construction & real estate industry deals in Q2 2020: Top deals

The top five construction & real estate deals accounted for 62.2% of the overall value during Q2 2020.

The combined value of the top five construction & real estate deals stood at $1.39bn, against the overall value of $2.23bn recorded for the quarter.

The top five construction & real estate industry deals of Q2 2020 tracked by GlobalData were:

1) Brookfield Asset Management's $500m private equity deal with Fundamental Income Properties

2) The $325m private equity deal with TPG RE Finance Trust by Starwood Capital Group Management

3) Sergo's $257.18m asset transaction with Federated Hermes

4) The $190m acquisition of Auction.Com by CoStar Group

5) LT Rubicon's acquisition of Strategic Hospitality Holding and Strategic Hospitality Holding2 for $118m.

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.