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UK construction & real estate industry sees a drop of 12.7% in deal activity in Q4 2020

21 Jan 2021 (Last Updated January 28th, 2021 20:51)

UK construction & real estate industry sees a drop of 12.7% in deal activity in Q4 2020

The UK construction & real estate industry saw a drop of 12.7% in overall deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 48 deals worth $2.3bn were announced in Q4 2020, compared to the last four-quarter average of 55 deals.

M&A was the leading category in the quarter with 40 deals which accounted for 83.3% of all deals.

In second place was venture financing with six deals, followed by private equity with two transactions, respectively accounting for 12.5% and 4.2% 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 $2.29bn, while private equity and venture financing deals totalled $9.98m and $6.57m, respectively.

The UK construction & real estate industry deals in Q4 2020: Top deals

The top five construction & real estate deals accounted for 85.1% of the overall value during Q4 2020.

The combined value of the top five construction & real estate deals stood at $1.96bn, against the overall value of $2.3bn recorded for the quarter.

The top five construction & real estate industry deals of Q4 2020 tracked by GlobalData were:

1) MASTIFF BIDCO’s $823.4m acquisition of McCarthy & Stone

2) The $660.35m acquisition of Urban&Civic by Wellcome Trust

3) Connells’ $263.21m acquisition of Countrywide

4) The $114.51m acquisition of Oriental Peak by New Global Developments

5) ZGC King William’s acquisition of First King Properties for $98.56m.

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.