North America’s construction & real estate industry saw a drop of 1.2% in deal activity during March 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 82 construction & real estate industry deals worth $6.61bn were announced for the region in March 2019, against the 12-month average of 81 deals.
Of all the deal types, M&A saw most activity in March 2019 with 55 transactions, representing a 67.1% share for the region.
In second place was venture financing with 21 deals, followed by private equity deals with six transactions, respectively capturing a 25.6% and 7.3% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s construction & real estate industry with $4.5bn, while venture financing and private equity deals totalled $1.11bn and $1bn, respectively.
North America construction & real estate industry deals in March 2019: Top deals
The top five construction & real estate deals accounted for 91% of the overall value during March 2019.
The combined value of the top five construction & real estate deals stood at $6.01bn, against the overall value of $6.61bn recorded for the month. The top announced construction & real estate deal tracked by GlobalData in March 2019 was $2.2bn merger of Cousins Properties and TIER REIT.
In second place was the $2bn acquisition of HFF by Jones Lang LaSalle and in third place was CCMP Capital Advisors’ $1bn private equity deal with Brookfield Global Integrated Solutions Canada.
The $800m venture financing of Tianjin Hut Information Technology by Tencent Holdings and Crescent Real Estate Holdings’ venture financing of Dvele for $14m held fourth and fifth positions, respectively.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.