UK construction & real estate industry deal activity unplugged
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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.

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.