China's construction & real estate industry saw a drop of 1.4% in overall deal activity during Q3 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 72 deals worth $5.19bn were announced in Q3 2020, compared to the last four-quarter average of 73 deals.
M&A was the leading category in the quarter with 65 deals which accounted for 90.3% of all deals.
In second place was venture financing with four deals, followed by private equity with three transactions, respectively accounting for 5.6% and 4.2% of overall deal activity in the country's construction & real estate industry during the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in China's construction & real estate industry with total deals worth $4.67bn, while private equity and venture financing deals totalled $503.2m and $16.21m, respectively.
China construction & real estate industry deals in Q3 2020: Top deals
The top five construction & real estate deals accounted for 49.6% of the overall value during Q3 2020.
The combined value of the top five construction & real estate deals stood at $2.58bn, against the overall value of $5.19bn recorded for the month.
The top five construction & real estate industry deals of Q3 2020 tracked by GlobalData were:
1) Alibaba Group Holding's $824m acquisition of E-House (China)
2) The $769m merger of Orisun Acquisition and UCOMMUNE (Beijing) Venture Investment by
3) China Vanke's $342.58m acquisition of Tahoe Group
4) The $338.8m acquisition of Shenzhen CIMC Skyspace Real Estate Development by Xi’an Qujiang Cultural Industry Investment (Group)
5) China Everbright Group, Chow Tai Fook Enterprises, CITIC Group, Sequoia China Fund, Tencent Holdings and Yunfeng Fund L.P's private equity deal with China Evergrande Group for $303.2m.
Verdict deals analysis methodology
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.