Brookfield Asset Management’s $6.5bn private equity deal with Brookfield Property Partners was the construction & real estate industry’s biggest cross border deal of Q1 2021 as cross border deals worth $27.18bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 48.4% over the previous quarter and a rise of 30.5% when compared with the last four-quarter average of $20.83bn.
In terms of number of cross border deals, the sector saw a rise of 12.76% with 148 deals in Q1 2021 against the average of 131.25 deals in the last four-quarters.
In value terms, Europe led the activity with cross border deals worth $8.55bn.
construction & real estate industry cross border deals in Q1 2021: Top deals
The top five construction & real estate industry cross border deals accounted for 69.7% of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $18.95bn, against the overall value of $27.18bn recorded for the quarter.
The top five construction & real estate industry cross border deals of Q1 2021 tracked by GlobalData were:
1) Brookfield Asset Management’s $6.5bn private equity deals with Brookfield Property Partners
2) The $5.19bn acquisition of CA Immobilien Anlagen by SOF-11 Klimt CAI S.a.r.l
3) LafargeHolcim’s $3.4bn acquisition of Firestone Building ProductsLLC
4) The $1.99bn acquisition of Hong Da Development & Investment Holding by Kaisa Group Holdings
5) EQT Partners’ private equity with Exeter Property Group for $1.87bn.
