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UK construction & real estate industry sees a rise of 41.18% in deal activity in February 2021

21 Mar 2021 (Last Updated March 25th, 2021 02:31)

UK construction & real estate industry saw a rise of 41.18% in overall deal activity during February 2021, when compared with the last 12-month average, led by Polypipe Group’s $36.99m acquisition of Nu-Heat Uk, according to GlobalData’s deals database.

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A total of 24 deals worth $106.82m were announced in February 2021, compared with the 12-month average of 17 deals.

M&A was the leading category in the month in terms of volume with 19 deals, which accounted for 79.2% of all deals.

In second place was private equity with four deals, followed by venture financing with one transactions, respectively accounting for 16.7% and 4.2% of overall deal activity in the UK technology industry during the month.

In terms of value of deals, M&A was the leading deal category in the UK construction & real estate industry with total deals worth $81.42m, while private equity and venture financing deals totalled $24.02m and $1.38m respectively.

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

The top five construction & real estate industry deals accounted for 96.3% of the overall value during February 2021.

The combined value of the top five construction & real estate deals stood at $102.83m, against the overall value of $106.82m recorded for the month.

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

1) Polypipe Group’s $36.99m acquisition of Nu-Heat Uk

2) The $34.52m asset transaction with John Morgan Estates by Supermarket Income REIT

3) Andy Shepherd, Jeff Doble and Oakley Capital IV’s $18.2m private equity deal with Dexters London

4) The $7.3m acquisition deal with The Substantia Group by Staminier

5) Business Growth Fund’s private equity with Woodall Homes for $5.82m.