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US construction & real estate industry sees a rise of 14.29% in deal activity in January 2021

01 Mar 2021 (Last Updated March 1st, 2021 18:24)

US construction & real estate industry saw a rise of 14.29% in overall deal activity during January 2021, when compared with the last 12-month average, led by LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC, according to GlobalData’s deals database.

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A total of 72 deals worth $8.09bn were announced in January 2021, compared with the 12-month average of 63 deals.

M&A was the leading category in the month in terms of volume with 59 deals, which accounted for 81.9% of all deals.

In second place was private equity with seven deals, followed by venture financing with six transactions, respectively accounting for 9.7% and 8.3% of overall deal activity in the US technology 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 $6.07bn, while private equity and venture financing deals totalled $1.92bn and $99.46m respectively.

US construction & real estate industry deals in January 2021: Top deals

The top five construction & real estate industry deals accounted for 99% of the overall value during January 2021.

The combined value of the top five construction & real estate deals stood at $8.01bn, against the overall value of $8.09bn recorded for the month.

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

1) LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC

2) The $2.64bn merger of Landcadia Holdings III and The Hillman Group

3) EQT Partners’ $1.87bn private equity deal with Exeter Property Group

4) The $50m private equity deal with Four Springs Capital Trust by Goldman Sachs Vintage Funds

5) Foundry Group, Greycroft Partners and Maveron’s venture financing with Caliza for $45m.