Real estate leads the mergers and acquisitions market

Real estate leads the mergers and acquisitions market

The real estate sector led the Spanish trading market during the first quarter, despite a 28% drop in terms of operations. Between January and March, a total of 110 mergers and acquisitions were registered, representing 28% less concerning the number of transactions concluded or announced during the same period the previous year. These operations represented a total 2.06 billion euro, 21.8% less when compared to the same period last year, according to data compiled by consultant Transactional Track Record (TTR).

February was a more active month, with 42 mergers and acquisitions for a total 994 million euro, followed by March when 40 operations were registered in the sector, for a total of 690 million euro. January was the month with the least operations with only 28.

Of the transactions carried out during the first quarter, three were from venture capital funds for 54 million euro and two were from private equity funds for 336 million euro, according to the consultant. The most relevant operation during this period was the acquisition by DWS Group, management company owned by Deutsche Bank, of a 1.100 key-in-hand dwellings for rental project, from developer Gestilar for around 240 million euro.

By sectors, real estate dominated the mergers and acquisitions market; followed by the technological sector, with 96 operations; the financial and insurance sector, with 36 transactions; and the healthcare, hygiene and aesthetics sector with 31 deals.

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