Total construction & real estate industry cross border deals worth $883.83m were announced globally for November 2020, with Gaoling Fund, Hillhouse Capital Group, Image Architecture Investment (Hong Kong), Magical Carpet, Snow Lake China Master Fund and YHG Investment’s $370m private equity deal with Sunac Services Holdings being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 27.27% over the previous month and a drop of 87.15% when compared with the last 12-month average of $6.85bn.
In terms of number of cross border deals, the sector saw a drop of 21.19% with 32 deals in November 2020 when compared to the last 12-month average of 41 deals.
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By GlobalDataIn value terms, Asia-Pacific led the activity with cross border deals worth $638.79m in November 2020.
construction & real estate industry cross border deals in November 2020: Top deals
The top five cross border deals accounted for 83.2% of the overall value during November 2020.
The combined value of the top five cross border deals stood at $735.57m, against the overall value of $883.83m recorded for the month.
The top five construction & real estate industry cross border deals of November 2020 tracked by GlobalData were:
1) Gaoling Fund, Hillhouse Capital Group, Image Architecture Investment (Hong Kong), Magical Carpet, Snow Lake China Master Fund and YHG Investment’s $370m private equity deal with Sunac Services Holdings
2) The $170m acquisition of Hooplife Technology Group by Baiying Development (Hong Kong)
3) Shun Yin’s $75.18m acquisition of Shanghai Suzuan Investment
4) The $67.45m acquisition deal of Shanghai Tongxin InvestmentLimited by Tak Hope
5) CRCT Investment (Hangzhou II)’s acquisition deal with Ascendas Hangzhou Data Processing for $52.94m.
