The US construction & real estate industry saw a drop of 30.5% in overall deal activity during September 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 41 deals worth $1.13bn were announced in September 2020, compared to the 12-month average of 59 deals.
M&A was the leading category in the month in terms of volume with 31 deals which accounted for 75.6% of all deals.
In second place was private equity with seven deals, followed by venture financing with three transactions, respectively accounting for 17.1% and 7.3% of overall deal activity in the country's construction & real estate industry during the month.
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By GlobalDataIn terms of value of deals, private equity was the leading deal category in the US construction & real estate industry with total deals worth $754.56m, while M&A and venture financing deals totalled $310m and $65.25m, respectively.
US construction & real estate industry deals in September 2020: Top deals
The top five construction & real estate industry deals accounted for 33.4% of the overall value during September 2020.
The combined value of the top five construction & real estate deals stood at $377.75m, against the overall value of $1.13bn recorded for the month.
The top five construction & real estate industry deals of September 2020 tracked by GlobalData were:
1) Palladium Equity Partners’ $160m private equity deal with Trachte
2) The $150m private equity deal with Zumper by Kleiner Perkins Caufield & Byers and The Blackstone Group
3) 8VC, Hanaco Venture Capital, Kinnevik, Maveron, Norwest Venture Partners and Wilshire Lane Partners’ $50m venture financing of Common Living
4) The $14.25m venture financing of Mosaic Building Group by Andreessen Horowitz, Founders Fund, Greylock Partners and Thrive Capital
5) MBH Corporation's acquisition of Everyday Realty Services and Meeting of the Minds for $3.5m.
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.