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US construction & real estate industry saw a drop of 13.25% in overall deal activity during April 2022, when compared with the last 12-month average, led by Blackstone Property Partners, Blackstone Real Estate Income Trust and The Blackstone Group’s $12.8bn private equity deal with American Campus Communities, according to GlobalData’s deals database.
A total of 72 deals worth $22.1bn were announced in April 2022, compared with the 12-month average of 83 deals. M&A was the leading category in the month in terms of volume with 50 deals, which accounted for 69.4% of all deals.
In second place was venture financing with 14 deals, followed by private equity with eight transactions, respectively accounting for 19.4% and 11.1% of overall deal activity in the US technology industry during the month.
In terms of value of deals, private equity was the leading deal category in the US construction & real estate industry with total deals worth $20.4bn, while M&A and venture financing deals totalled $966.1m and $771.66m respectively.
The top five construction & real estate industry deals accounted for 99.5% of the overall value during April 2022. The combined value of the top five construction & real estate deals stood at $22.03bn, against the overall value of $22.1bn recorded for the month.
