US construction & real estate industry sees a drop of 34.7% in deal activity in April 2019

24 May 2019 (Last Updated May 24th, 2019 17:55)

US construction & real estate industry sees a drop of 34.7% in deal activity in April 2019

The US construction & real estate industry saw a drop of 34.7% in overall deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 49 deals worth $328.39m were announced in April 2019, compared to the 12-month average of 75 deals.

M&A was the leading category in the month in terms of volume with 37 deals which accounted for 75.5% of all deals.

In second place was venture financing with nine deals, followed by private equity with three transactions, respectively accounting for 18.4% and 6.1% of overall deal activity in the country’s construction & real estate industry during the month.

In terms of value of deals, M&A was the leading deal category in the US construction & real estate industry with total deals worth $205m, while private equity deals totalled $123.39m.

US construction & real estate industry deals in April 2019: Top deals

The top five construction & real estate industry deals accounted for 95.7% of the overall value during April 2019.

The combined value of the top five construction & real estate industry deals stood at $314.39m, against the overall value of $328.39m recorded for the month. The top announced US construction & real estate industry deal tracked by GlobalData in April 2019 was Adam Bain, Airbnb, Barry Sternlicht, Dick Costolo, New Enterprise Associates, Obvious Ventures, RXR Realty, SignalFire Management Services, Sinewave Ventures, Tishman Speyer Properties and Tusk Ventures’ $160m venture financing of Lyric Hospitality.

In second place was the $94m asset transaction with CNL Healthcare Trust by Global Medical REIT and in third place was Full Season International’s $29.39m stake acquisition of Ministerium Capital.

The $20m venture financing of Super Home by 8VC, Aquiline Technology Growth, Liberty Mutual Strategic Ventures, Moderne Ventures, Munich Re/HSB Ventures, Qatar Investment Authority and Solon Mack Capital and The Goldman Sachs Urban Investment Group’s venture financing of iMod Structures(Intermodal Structures) for $11m held fourth and fifth positions, respectively.

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.