UK construction & real estate industry deal activity unplugged
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UK construction & real estate industry sees a rise of 100.00% in deal activity in March 2021

29 Apr 2021

UK construction & real estate industry saw a rise of 100.00% in overall deal activity during March 2021, when compared with the last 12-month average, led by Atlantic Park Strategic Capital Fund GP’s $195.3m private equity deal with Morris Homes, according to GlobalData’s deals database.

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A total of 36 deals worth $314.7m were announced in March 2021, compared with the 12-month average of 18 deals.

M&A was the leading category in the month in terms of volume with 31 deals, which accounted for 86.1% of all deals.

In second place was private equity with three deals, followed by venture financing with two transactions, respectively accounting for 8.3% and 5.6% of overall deal activity in the UK technology industry during the month.

In terms of value of deals, private equity was the leading deal category in the UK construction & real estate industry with total deals worth $216.92m, while M&A and venture financing deals totalled $95.5m and $2.28m respectively.

UK construction & real estate industry deals in March 2021: Top deals

The top five construction & real estate industry deals accounted for 94.3% of the overall value during March 2021.

The combined value of the top five construction & real estate deals stood at $296.8m, against the overall value of $314.7m recorded for the month.

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

1) Atlantic Park Strategic Capital Fund GP’s $195.3m private equity deal with Morris Homes

2) The $40.45m acquisition of J Browne ConstructionLimited by Renew

3) BGF Investment Management’s $21.62m private equity deal with Burrington Estates

4) The $20.64m acquisition deal with Honour Advent by KLT Holdings (BVI) L.P

5) Solid State’s acquisition of American Electronic Components and Willow Technologies for $18.79m.

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.