Led by Brookfield Asset Management $3.8bn private equity deal with Watermark Lodging Trust, North America’s construction & real estate industry saw a drop of 18.80% in cross border deal activity during Q2 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 27 cross border deals worth $8.4bn were announced for the region during Q2 2022, against the last four-quarter average of 33.25 deals.
Of all the deal types, M&A saw most activity in Q2 2022 with 18 deals, representing a 66.7% share for the region.
In second place was private equity with five deals, followed by venture financing deals with four transactions, respectively capturing an 18.5% and 14.8% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, private equity was the leading category in North America’s construction & real estate industry with $4.02bn, while M&A and venture financing deals totalled $3.73bn and $681.8m, respectively.
North America construction & real estate industry cross border deals in Q2 2022: Top deals
The top five construction & real estate cross border deals accounted for a 97.4% share of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $8.2bn, against the overall value of $8.4bn recorded for the quarter.
1) Brookfield Asset Management $3.8bn private equity deal with Watermark Lodging Trust
2) The $1.9bn acquisition of Barrette Outdoor Living by CRH
3) Saint-Gobain $928m acquisition deal with Kaycan
4) The $900m acquisition of Stanley Access Technologies by Allegion
5) Brookfield Property Partners,Craft Ventures,Dacra Development,DFJ Growth Fund,Eight Partners,Founders Fund,Lennar,Sequoia Capital Operations,Tishman Speyer Properties,Valor Equity Partners and VY Capital $675m venture financing deal with The Boring