UK construction & real estate industry sees a drop of 1.6% in deal activity in Q2 2019

18 July 2019 (Last Updated August 20th, 2019 10:53)

UK construction & real estate industry sees a drop of 1.6% in deal activity in Q2 2019

The UK construction & real estate industry saw a drop of 1.6% in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 60 deals worth $2.38bn were announced in Q2 2019, compared to the last four-quarter average of 61 deals.

M&A was the leading category in the quarter with 51 deals which accounted for 85% of all deals.

In second place was private equity with seven deals, followed by venture financing with two transactions, respectively accounting for 11.7% and 3.3% of overall deal activity in the country’s construction & real estate industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the UK construction & real estate industry with total deals worth $2.14bn, while private equity and venture financing deals totalled $237.53m and $0.68m, respectively.

The UK construction & real estate industry deals in Q2 2019: Top deals

The top five construction & real estate deals accounted for 87.3% of the overall value during Q2 2019.

The combined value of the top five construction & real estate industry deals stood at $2.08bn, against the overall value of $2.38bn recorded for the quarter.

The top five UK construction & real estate industry deals tracked by GlobalData in Q2 2019 were:

1) Victor Select’s $694.49m acquisition of Eminent Star Group

2) The $615.73m acquisition of A & J Mucklow Group by LondonMetric Property

3) BSREP III China Retail’s $446.97m acquisition of Prosper Spring Investments

4) The $221.1m private equity deal with Quintain by Cheyne Capital Management (UK)

5) Milesville’s acquisition of Pearl for $99.43m.

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.