A total of 40 Mergers & Acquisitions (M&A) deals (pending and completed) were announced in the Construction of Australia, in the last twelve months resulting in a total deal value of over $11,034.8 million. In the LTM period, June 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $3,052.6 million, resulting in an average deal value of $763.1 million during that month. On the other hand, the month of July 2021 was the most prolific in terms of deal volume, recording a total of 7 deals, resulting in an average deal value of $84.5 million during that month.
Of the 40 deals, the deal secured between Home Consortium Ltd; HomeCo Daily Needs REIT and Aventus Group, was the largest M&A deal in the Australia Construction sector, which was valued at $2,122.4 million and was completed on October 18, 2021. The second-largest deal was between HOCHTIEF Australia Holdings Limited and CIMIC Group Ltd, while the third-largest deal was between Charter Hall Group; PGGM NV and Irongate Group. The HOCHTIEF Australia Holdings Limited-CIMIC Group Ltd deal and the Charter Hall Group; PGGM NV-Irongate Group deal were valued at $1,052.6 million and $903.6 million, respectively. The fourth-largest deal was between Charter Hall Long WALE REIT; Host-Plus Pty Ltd-ALE Property Group valued at $857.0 million, whereas the deal between Evolution Mining Ltd-Ernest Henry Mining Pty Ltd valued at $727.8 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $5,663.4 million and accounted for nearly 51.32% of the total deals (by value) announced during the last twelve months.
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