Total construction & real estate industry private equity deals in Q1 2020 worth $983.8m were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 53.5% over the previous quarter and a drop of 41.8% when compared with the last four-quarter average of $1.69bn.
The US held a 4% share of the global construction & real estate industry private equity deal value that totalled $24.92bn in Q1 2020.
In terms of deal activity, the US recorded 23 deals during Q1 2020, marking a drop of 4.2% over the previous quarter and a rise of 9.5% over the last four-quarter average.
The US construction & real estate industry private equity deals in Q1 2020: Top deals
The top five construction & real estate industry private equity deals accounted for 97.5% of the overall value during Q1 2020.
The combined value of the top five construction & real estate private equity deals stood at $959.4m, against the overall value of $983.8m recorded for the month.
The top five construction & real estate industry deals of Q1 2020 tracked by GlobalData were:
1) Pershing Square Capital Management's $500m private equity deal with The Howard Hughes
2) The $140m private equity deal with Cross Street Partners by Blueprint Texas Opportunity Zone Fund LLLP
3) Durable Capital Partners’ $110m private equity deal with Redfin
4) The $109m private equity deal with MetWest International by State of Wisconsin Investment Board
5) Dyal Capital Partners’ private equity deal with RXR Realty for $100.4m.
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.