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US construction & real estate industry sees a rise of 34.43% in deal activity in March 2021

29 Apr 2021 (Last Updated April 29th, 2021 19:08)

US construction & real estate industry saw a rise of 34.43% in overall deal activity during March 2021, when compared with the last 12-month average, led by Slate Asset Management’s $2.33bn private equity deal with Annaly Capital Management, according to GlobalData’s deals database.

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A total of 82 deals worth $6.98bn were announced in March 2021, compared with the 12-month average of 61 deals.

M&A was the leading category in the month in terms of volume with 53 deals, which accounted for 64.6% of all deals.

In second place was venture financing with 15 deals, followed by private equity with 14 transactions, respectively accounting for 18.3% and 17.1% 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 $4.22bn, while private equity and venture financing deals totalled $2.43bn and $328.91m respectively.

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

The top five construction & real estate industry deals accounted for 93.4% of the overall value during March 2021.

The combined value of the top five construction & real estate deals stood at $6.52bn, against the overall value of $6.98bn recorded for the month.

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

1) Slate Asset Management’s $2.33bn private equity deal with Annaly Capital Management

2) The $2.29bn acquisition of Columbia Property Trust by 8F Investment Partners, Arkhouse Partners and AS8888

3) The $1.28bn merger of BowX Acquisition and WeWork Companies

4) The $375m acquisition deal with StonePoint Materials by Arcosa

5) Fluidra’s acquisition of Custom Molded Products for $245m.