Total construction & real estate industry cross border M&A deals worth $1.1bn were announced globally in November 2021, led by Interfor’s $386.95m acquisition of Eacom Timber, according to GlobalData’s deals database.
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The value marked a decrease of 68% over the previous month of $3.37bn and a drop of 73.5% when compared with the last 12-month average, which stood at $4.08bn.
Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $581.9m. At the country level, the Canada topped the list in terms of deal value at $386.95m.
In terms of volumes, Europe emerged as the top region for construction & real estate industry cross border M&A deals globally, followed by Asia-Pacific and then North America.
The top country in terms of cross border M&A deals activity in November 2021 was the US with four deals, followed by the The Netherlands with three and Italy with two.
In 2021, as of November, construction & real estate cross border M&A deals worth $42.72bn were announced globally, marking an increase of 34.2% year on year.
construction & real estate industry cross border M&A deals in November 2021: Top deals
The top five cross border M&A deals accounted for 94.7% of the overall value during November 2021.
The combined value of the top five construction & real estate cross border M&A deals stood at $1.03bn, against the overall value of $1.1bn recorded for the month.
The top five construction & real estate industry cross border M&A deals of November 2021 tracked by GlobalData were:
1) Interfor $386.95m acquisition deal with Eacom Timber
2) The $295.78m acquisition of Kojamo by Heimstaden Bostad
3) Yew Grove Reit $202.71m acquisition deal with Slate Office REIT
4) The $73.68m acquisition of Elle by M&G Real Estate
5) Stella-Jones $66m acquisition deal with Cahaba Pressure Treated Forest Products