Total construction & real estate industry cross border M&A deals worth $5.97bn were announced in Asia-Pacific in Q1 2021, led by Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding, according to GlobalData’s deals database.
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The value marked an increase of 44.6% over the previous quarter and a rise of 12.6% when compared with the last four-quarter average of $5.3bn.
Asia-Pacific held a 35.33% share of the global construction & real estate industry cross border M&A deal value that totalled $16.9bn in Q1 2021. With a 17.81% share and deals worth $3.01bn, Hong Kong Special Administrative Region of China was the top country in Asia-Pacific’s cross border M&A deal value across construction & real estate industry.
In terms of deal activity, Asia-Pacific recorded 32 cross border deals during Q1 2021, marking an increase of 14.29% over the previous quarter and a rise of 4.07% over the last four-quarter average. Hong Kong Special Administrative Region of China recorded seven deals during the quarter.
Asia-Pacific construction & real estate industry cross border M&A deals in Q1 2021: Top deals
The top five construction & real estate industry cross border M&A deals accounted for 81.4% of the overall value during Q1 2021.
The combined value of the top five cross border M&A deals stood at $4.85bn, against the overall value of $5.97bn recorded for the quarter.
The top five construction & real estate industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Kaisa Group Holdings’ $1.99bn acquisition of Hong Da Development & Investment Holding
2) The $989.76m acquisition of 50% stake in Shanghai Xinbao Enterprise Management by Caribbean Hero (HK)
3) Kaisa Group Holdings’ $761.64m acquisition of 100% stake in Logic Capital
4) The $748.8m acquisition of 64.62% stake in Sichuan Languang Justbon Services Group by Country Garden Property Services HK HoldingsLimited
5) Beijer Ref’s acquisition of Complete Air Supply for $361.5m.
