Led by $23.52m acquisition of Shoko, Japan’s construction & real estate industry saw a drop of 8.40% in overall deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 30 deals worth $68.28m were announced in Q1 2021, compared with the last four-quarter average of 32.75 deals.
M&A was the leading category in the quarter with 22 deals which accounted for 73.3% of all deals.
In second place was venture financing with seven deals, followed by private equity with one transactions, respectively accounting for 23.3% and 3.3% of overall deal activity in the Japan’s construction & real estate industry during the quarter.
In terms of value of deals, M&A was the leading deal category in Japan’s construction & real estate industry with total deals worth $61.79m, while venture financing and private equity deals totalled $6.2m and $0.29m, respectively.
Japan construction & real estate industry deals in Q1 2021: Top deals
The top five construction & real estate industry deals accounted for 96.6% of the overall value during Q1 2021.
The combined value of the top five construction & real estate deals stood at $65.93m, against the overall value of $68.28m recorded for the quarter.
The top five construction & real estate industry deals of Q1 2021 tracked by GlobalData were:
1) SKT Holdings’ $23.52m acquisition of Shoko
2) The $22.89m acquisition of Wavelock Interior by Sangetsu
3) N Holdings’ $15.38m acquisition of Nagoya Lumber
4) The $2.11m venture financing deal with Famitra by Coral Capital, Mizuho Capital and SMBC Venture Capital
5) Globis Capital Partners &, Incubate Fund and Mitsubishi UFJ Capital’s venture financing with TERASS for $2.02m.
