Total construction & real estate industry M&A deals worth $1.59bn were announced in Asia-Pacific in February 2021, led by Caribbean Hero (HK)’s $989.76m acquisition of Shanghai Xinbao Enterprise Management, according to GlobalData’s deals database.
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The value marked an increase of 55.9% over the previous month of $1.02bn and a drop of 70.2% when compared with the last 12-month average of $5.33bn.
Asia-Pacific held a 26.46% share of the global construction & real estate industry M&A deal value that totalled $6.01bn in February 2021. With a 20.63% share and deals worth $1.24bn, China was the top country in Asia-Pacific’s M&A deal value across construction & real estate industry.
In terms of M&A deal activity, Asia-Pacific recorded 35 deals during February 2021, marking a flat growth over the previous month and a drop of 44.44% over the 12-month average. China recorded nine deals during the month.
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By GlobalDataAsia-Pacific construction & real estate industry M&A deals in February 2021: Top deals
The top five construction & real estate industry M&A deals accounted for 92.1% of the overall value during February 2021.
The combined value of the top five construction & real estate deals stood at $1.46bn, against the overall value of $1.59bn recorded for the month.
The top five construction & real estate industry M&A deals of February 2021 tracked by GlobalData were:
1) Caribbean Hero (HK)’s $989.76m acquisition of Shanghai Xinbao Enterprise Management
2) The $242.78m acquisition of Double WealthyLtd by FS Dongguan No. 6
3) City Developments’ $131.01m acquisition of Shenzhen Tusincere Technology Park Development
4) The $51.9m acquisition of Nanjing Eastern Senior Living Health Industry by Nanjing Yincheng Real Estate Development
5) Beijing United Rongbang New Energy Technology and Inner Mongolia Xingbang United New Energy’s acquisition of Inner Mongolia Minghua Clean Energy for $46.52m.