Construction & real estate industry private equity deals in Q3 2020 total $552.79m in US

9 November 2020 (Last Updated November 9th, 2020 16:15)

Construction & real estate industry private equity deals in Q3 2020 total $552.79m in US

Total construction & real estate industry private equity deals in Q3 2020 worth $552.79m were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 40.7% over the previous quarter and a drop of 64.7% when compared with the last four-quarter average of $1.57bn.

The US held a 5.8% share of the global construction & real estate industry private equity deal value that totalled $9.61bn in Q3 2020.

In terms of deal activity, the US recorded 23 deals during Q3 2020, marking a rise of 91.7% 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 Q3 2020: Top deals

The top five construction & real estate industry private equity deals accounted for 99.9% of the overall value during Q3 2020.

The combined value of the top five construction & real estate private equity deals stood at $552.44m, against the overall value of $552.79m recorded for the month.

The top five construction & real estate industry deals of Q3 2020 tracked by GlobalData were:

1) Ascendant Capital Partners and Oaktree Capital Management's $200m private equity deal with Watermark Lodging Trust

2) The $160m private equity deal with Trachte by Palladium Equity Partners

3) Kleiner Perkins Caufield & Byers and The Blackstone Group's $150m private equity deal with Zumper

4) The $34m private equity deal with BJ Services by Argonaut Private Equity and CSL Capital Management

5) Prudent Growth Partners's private equity deal with for $8.44m.

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.