North America’s construction & real estate industry top deal activity in April 2021
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North America’s construction & real estate industry saw a rise of 42.03% in deal activity during April 2021

19 May 2021

North America’s construction & real estate industry saw a rise of 42.03% in deal activity during April 2021, when compared with the last 12-month average, led by $11.01bn acquisition of Realty Income and VEREIT, according to GlobalData’s deals database.

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A total of 98 construction & real estate industry deals worth $17.2bn were announced for the region in April 2021, against the 12-month average of 69 deals.

Of all the deal types, M&A saw most activity in April 2021 with 77 transactions, representing a 78.6% share for the region.

In second place was private equity with 13 deals, followed by venture financing deals with eight transactions, respectively capturing a 13.3% and 8.2% 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 $16.98bn, followed by venture financing deals totalled $184.46m.

North America construction & real estate industry deals in April 2021: Top deals

The top five construction & real estate deals accounted for 99.1% of the overall value during April 2021.

The combined value of the top five construction & real estate deals stood at $17bn, against the overall value of $17.2bn recorded for the month.

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

1) The $11.01bn merger of Realty Income and VEREIT

2) The $3.87bn merger deal with Kimco Realty and Weingarten Realty Investors

3) Herman Miller’s $1.8bn acquisition of Knoll

4) The $250m asset transaction with Preferred Apartment Communities by Highwoods Properties

5) Air Liquide Venture Capital, BASF Venture Capital, Bill Joy, BP Capital, Breakthrough Energy Ventures, CPP Investment Board Singaporean Holdings I, Imperative Ventures, John Doerr, Kleiner Perkins, LafargeHolcim, OGCI Climate Investments, Piva, Prelude Ventures, Total Carbon Neutrality Ventures International and Zero Carbon Partners’ venture financing of Solidia Technologies for $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.