North America’s construction & real estate industry saw a rise of 32.84% in deal activity during March 2021, when compared with the last 12-month average, led by Slate Asset Management’s $2.33bn acquisition of Annaly Capital Management, according to GlobalData’s deals database.
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A total of 89 construction & real estate industry deals worth $6.98bn were announced for the region in March 2021, against the 12-month average of 67 deals.
Of all the deal types, M&A saw most activity in March 2021 with 60 transactions, representing a 67.4% share for the region.
In second place was venture financing with 15 deals, followed by private equity deals with 14 transactions, respectively capturing a 16.9% and 15.7% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s construction & real estate industry with $4.22bn, while private equity and venture financing deals totalled $2.43bn and $328.91m, respectively.
North America construction & real estate industry deals in March 2021: Top deals
The top five construction & real estate deals accounted for 93.4% of the overall value during March 2021.
The combined value of the top five construction & real estate deals stood at $6.52bn, against the overall value of $6.98bn recorded for the month.
The top five construction & real estate industry deals of March 2021 tracked by GlobalData were:
1) Slate Asset Management’s $2.33bn private equity deal with Annaly Capital Management
2) The $2.29bn acquisition deal with Columbia Property Trust by 8F Investment Partners, Arkhouse Partners and AS8888
3) The $1.28bn merger of BowX Acquisition and WeWork Companies
4) The $375m acquisition of StonePoint Materials by Arcosa
5) Fluidra’s acquisition of Custom Molded Products for $245m.