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In the Chinese construction & real estate industry, there were 44 M&A deals announced in Q3 2023, worth a total value of $2.9bn, according to GlobalData’s Deals Database. The $534.9m majority acquisition of Zhuhai Shimao New Area Real Estate Development by China Life Qihang Phase I (Tianjin) Equity Investment Fund Partnership and China Life Star Bay (Tianjin) Enterprise Management was the industry’s largest disclosed deal. GlobalData’s Construction Industry Mergers and Acquisitions Deals report for Q3 2023 uncovers key trends behind the Construction Industry M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.

In value terms, M&A activity in China increased by 45% in Q3 2023 compared with the previous quarter’s total of $2bn and fell by 6% as compared to Q3 2022. Related deal volume increased by 16% in Q3 2023 versus the previous quarter and was 30% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in China in Q3 2023 were BDA Partners; Gram Capital; Opus Capital with 1, 1, 1 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.