Led by $3.4bn acquisition of Firestone Building ProductsLLC, North America’s construction & real estate industry saw a rise of 26.03% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 23 cross border deals worth $5.81bn were announced for the region during Q1 2021, against the last four-quarter average of 18.25 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 18 deals, representing a 78.3% share for the region.

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In second place was private equity with four deals, followed by venture financing deals with one transactions, respectively capturing a 17.4% and 4.4% share of the overall cross border deal activity for the quarter.

In terms of value of cross border deals, M&A was the leading category in North America’s construction & real estate industry with $3.7bn, while private equity and venture financing deals totalled $2.04bn and $75m, respectively.

North America construction & real estate industry cross border deals in Q1 2021: Top deals

The top five construction & real estate cross border deals accounted for a 97.9% share of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $5.69bn, against the overall value of $5.81bn recorded for the quarter.

The top five construction & real estate industry cross border deals of Q1 2021 tracked by GlobalData were:

1) LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC

2) The $1.87bn private equity deal with Exeter Property Group by EQT Partners

3) Fluidra’s $245m acquisition of Custom Molded Products

4) The $100m private equity deal with Veev Group by Migdal Insurance & Financial Holdings, MORE Investment House, Psagot Investment House and Shavit Capital Management

5) Acrew Diversify Capital Fund, First American Financial, Global Founders Capital, Greycroft Partners, Jeff Wilke and Shea Ventures’ venture financing with Pacaso for $75m.