In the US construction & real estate industry, there were 17 private equity deals announced in Q3 2023, worth a total value of $1.5bn, according to GlobalData’s Deals Database. The $1.4bn acquisition of Hersha Hospitality Trust by KSL Capital Partners in a going private transaction was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Construction Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

In value terms, private equity deal activity in the US increased by 167% in Q3 2023 compared with the previous quarter’s total of $561.4m and fell by 90% as compared to Q3 2022. Related deal volume increased by 21% in Q3 2023 versus the previous quarter and was 19% lower than in Q3 2022.

The top-ranked financial advisors supporting these private equity deals in the US in Q3 2023 were WBC Holdings; Houlihan Lokey; Harris Williams with 6, 5, 4 deals respectively.

The top-ranked legal advisorss supporting these private equity deals in the US Q3 2023 were Kirkland & Ellis; Katten Muchin Rosenman; Latham & Watkins with 5, 3, 3 deals respectively.

For further understanding of GlobalData's Construction Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

This content was updated on 20 October 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.