Executive summary

Scope

• The ‘Annual Deal Report – Construction’ provides a detailed understanding and review of the merger and acquisition (M&A), capital-raising and partnership deals and agreements entered into by companies in the construction industry during 2011.

Key highlights

• Deal activity was fairly steady during the first half of 2011, which then dropped in the third quarter before rising back in the fourth quarter.
• The majority of M&A deals in India and China were in the construction contractors, and products and materials segments.
• In 2011, the total global deal volume in the construction industry remained higher than that of 2010, across the four quarters.
• The largest share of deals in the construction industry was undertaken with the objective of business expansion through inorganic growth.
• PE/VC activity in terms of deal volume, reported an increase of 15% in 2011.
• The architecture and design segment accounted for a relatively small share of overall deal activity in the construction industry.
• The construction equipment segment accounted for 17% of the total number of deals in 2011.
• North America accounted for the largest share of deal activity in 2011, while the Asia-Pacific region continued to be the second most active deal making region.
• Emerging markets, especially the BRIC nations, continued to record considerable deal activity in 2011.

Reasons to buy

• Using this report, dealmakers will effectively and efficiently gain an insight into the deal activity throughout 2011. The report provides an overview of all the partnering, alliances and M&A deals announced worldwide.

Table of contents

1 Executive Summary
2 M&A Outlook for 2012
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Summary Methodology
4 Analysis
4.1 Variation in Deal Activity in Different Regions of the World
4.2 Multi-fold Increase in Deal Activity in the Construction Equipment Market
5 Financial Deals Overview: Deal Value and Volume Analysis
5.1 Deal Volume Analysis
5.1.1 Analysis by Deal Type
5.2 Deal Value Analysis
5.2.1 Analysis by Deal Type
5.3 Top Deals by Deal Value
5.4 Segment and Regional Analysis of Deals
5.5 Deal Rationale Analysis
5.5.1 M&A Transactions
5.5.2 Equity Offerings
5.5.3 Debt Offerings
5.5.4 Partnerships
5.5.5 PE/VC
5.6 Top M&A Financial Advisors
5.7 Top M&A Legal Advisors
6 Analysis by Deal Type
6.1 Overview
6.1.1 Monthly Analysis
6.2 Mergers and Acquisitions Analysis
6.2.1 Overview
6.2.2 Deal Value and Volume Trend by Segment
6.2.3 Deal Value and Volume Trend by Geography
6.2.4 Major M&A Deals in 2011
6.2.5 M&A Deal Pipeline
6.3 Equity Capital Markets
6.3.1 Overview
6.3.2 Deal Value and Volume Trend by Segment
6.3.3 Deal Value and Volume Trend by Geography
6.3.4 Major Equity Offering Deals in 2011
6.3.5 Equity Offerings Deal Pipeline
6.4 Debt Markets
6.4.1 Overview
6.4.2 Deal Value and Volume Trend by Segment
6.4.3 Deal Value and Volume by Geography
6.4.4 Major Debt Offering Deals in 2011
6.4.5 Major Public Debt Offering Deals in 2011
6.4.6 Debt Offering Deals Pipeline
6.5 Private Equity/Venture Capital
6.5.1 Overview
6.5.2 Deal Value and Volume Trend by Segment
6.5.3 Deal Value and Volume Trend by Geography
6.5.4 Major Private Equity Deals in 2011
6.5.5 Private Equity Deals Pipeline
6.6 Partnership Agreements
6.6.1 Overview
6.6.2 Deal Value and Volume Trend by Segment
6.6.3 Deal Value and Volume Trend by Geography
6.6.4 Major Partnership Deals in 2011
6.6.5 Partnership Deals Pipeline
7 Segmental Analysis of Deals
7.1 Overview
7.1.1 Quarterly Analysis
7.2 Architecture and Design
7.2.1 Deals Value and Volume Trend
7.2.2 Major Deals in Architecture and Design Segment in 2011
7.3 Construction Contractors
7.3.1 Deals Value and Volume Trend
7.3.2 Major Deals in Construction Contractors Segment in 2011
7.4 Construction Equipment
7.4.1 Deals Value and Volume Trend
7.4.2 Major Deals in Construction Equipment Segment in 2011
7.5 Products and Materials
7.5.1 Deals Value and Volume Trend
7.5.2 Major Deals in Products and Materials Segment in 2011
8 Regional Analysis of Deals
8.1 Overview
8.1.1 Quarterly Analysis
8.2 North America
8.2.1 Deals Value and Volume Trend
8.2.2 Major Deals in North America in 2011
8.3 Europe
8.3.1 Deals Value and Volume Trend
8.3.2 Major Deals in the European Region in 2011
8.4 Asia-Pacific
8.4.1 Deals Value and Volume Trend
8.4.2 Major Deals in the Asia-Pacific in 2011
8.5 Rest of the World
8.5.1 Deals Value and Volume Trend
8.5.2 Major Deals in the Rest of the World in 2011
8.6 Deal Analysis in Emerging Markets
9 Appendix
9.1 Methodology
9.2 Contact Us
9.3 About WMI
9.4 Disclaimer

List of tables

Table 1: Quarterly Deal Volume, 2010 and 2011
Table 2: Quarterly Deal Volume by Deal Type, 2011
Table 3: Quarterly Deal Value (US$ Million), 2010 and 2011
Table 4: Quarterly Deal Value by Deal Type (US$ Million), 2011
Table 5: Major Deals, 2011
Table 6: Major Planned and Speculated Deals, 2012
Table 7: Deals by Segment and Region, 2011
Table 8: Top Financial Advisors for M&A Deals, 2011
Table 9: Top Legal Advisors for M&A Deals, 2011
Table 10: Deals by Deal Type – Value and Volume, 2010 and 2011
Table 11: Deal Type – Monthly Deal Volume Breakdown, 2011
Table 12: Deal Type – Monthly Deal Value Breakdown (US$ Million), 2011
Table 13: M&A Deals by Segment – Volume and Value, 2010 and 2011
Table 14: M&A Deals by Region – Volume and Value, 2010 and 2011
Table 15: Major M&A Deals, 2011
Table 16: Major Planned and Speculated M&A Deals, 2012
Table 17: Equity Offerings by Segment – Volume and Value, 2010 and 2011
Table 18: Equity Offerings by Region – Volume and Value, 2010 and 2011
Table 19: Major IPOs, 2011
Table 20: Major FPOs, 2011
Table 21: Major Private Placements, 2011
Table 22: Major Planned and Speculated Equity Offerings, 2012
Table 23: Equity Offerings by Segment – Volume and Value, 2010 and 2011
Table 24: Debt Offerings by Region – Volume and Value, 2010 and 2011
Table 25: Major Debt Offerings, 2011
Table 26: Major Public Debt Offerings, 2011
Table 27: Major Planned and Speculated Debt Offerings, 2012
Table 28: PE/VC Offerings by Segment – Volume and Value, 2010 and 2011
Table 29: PE/VC Offerings by Region – Volume and Value, 2010 and 2011
Table 30: Major Private Equity Deals, 2011
Table 31: Major Venture Capital Deals, 2011
Table 32: Major Planned and Speculated PE Deals, 2012
Table 33: Partnership Deals by Segment – Volume, 2010 and 2011
Table 34: Partnership Deals by Region – Volume, 2010 and 2011
Table 35: Major Partnership Deals, 2011
Table 36: Major Planned and Speculated Partnership Deals, 2012
Table 37: PE/VC Offerings by Segment – Volume and Value, 2010 and 2011
Table 38: Deal Volume – Segment by Deal Type
Table 39: Deal Value – Segment by Deal Type (US$ Million), 2011
Table 40: Quarterly Deal volume by Segment, 2011
Table 41: Quarterly Deal value by Segment, 2011
Table 42: Quarterly A&D Deals – Volume and Value, 2010 and 2011
Table 43: Major M&A Deals – A&D Segment, 2011
Table 44: Major Equity Offerings – A&D Segment, 2011
Table 45: Major Debt Offerings – A&D Segment, 2011
Table 46: Major PE/VC Deals – A&D Segment, 2011
Table 47: Major Planned and Speculated Deals – A&D Segment, 2012
Table 48: Quarterly Construction Contractor Deals – Volume and Value, 2010 and 2011
Table 49: Major M&A Deals – Construction Contractors Segment, 2011
Table 50: Major Equity Offerings – Construction Contractors Segment, 2011
Table 51: Major Debt Offerings – Construction Contractors Segment, 2011
Table 52: Major PE/VC Deals, Construction Contractors Segment, 2011
Table 53: Major Planned and Speculated Deals – Construction Contractors Segment, 2012
Table 54: Quarterly Construction Equipment Deals – Value and Volume, 2010 and 2011
Table 55: Major M&A Deals – Construction Equipment Segment, 2011
Table 56: Major Equity Offerings – Construction Equipment Segment, 2011
Table 57: Major Debt Offerings – Construction Equipment Segment, 2011
Table 58: Major PE/VC Deals – Construction Equipment Segment, 2011
Table 59: Major Planned and Speculated Deals – Construction Equipment Segment, 2012
Table 60: Quarterly Products & Materials Deals – Value and Volume, 2010 and 2011
Table 61: Major M&A Deals – Products and Materials Segment, 2011
Table 62: Major Equity Offerings – Products and Materials Segment, 2011
Table 63: Major Debt Offerings – Products and Materials Segment, 2011
Table 64: Major PE/VC Deals – Products and Materials Segment, 2011
Table 65: Major Planned and Speculated Deals – Products and Materials Segment, 2012
Table 66: Deals by Region – Value and Volume, 2010 and 2011
Table 67: Deal Volume – Region by Deal Type, 2011
Table 68: Deal Value – Region by Deal Type, 2011
Table 69: Deal Volume – Region by Segment, 2011
Table 70: Deal Value – Region by Segment, 2011
Table 71: Quarterly Deal Volume by Region, 2011
Table 72: Quarterly Deal Value by Region, 2011
Table 73: Quarterly North American Deals – Volume and Value, 2010 and 2011
Table 74: Quarterly North American Deals – by Deal Type
Table 75: Quarterly North American Deals – by Segment
Table 76: Major M&A Deals – North American Region, 2011
Table 77: Major Equity Offerings – North America, 2011
Table 78: Major Debt Offerings – North America, 2011
Table 79: Major PE/VC Deals – North America, 2011
Table 80: Major Planned and Speculated Deals – North America, 2012
Table 81: Quarterly European Deals – Value and Volume, 2010 and 2011
Table 82: Quarterly European Deals – by Deal Type
Table 83: Quarterly European Deals – by Segment
Table 84: Major M&A Deals – Europe, 2011
Table 85: Major Equity Offerings – Europe, 2011
Table 86: Major Debt Offerings – Europe, 2011
Table 87: Major PE/VC Deals – Europe, 2011
Table 88: Major Planned and Speculated Deals – Europe, 2012
Table 89: Quarterly Asia-Pacific Deals – Volume and Value, 2010 and 2011
Table 90: Quarterly Asia-Pacific Deals – by Deal Type
Table 91: Quarterly Asia-Pacific Deals – by Segment
Table 92: Major M&A Deals – Asia-Pacific Region, 2011
Table 93: Major Equity Offerings – Asia-Pacific Region, 2011
Table 94: Major Debt Offerings – Asia-Pacific Region, 2011
Table 95: Major PE/VC Deals – Asia-Pacific Region, 2011
Table 96: Major Planned and Speculated Deals – Asia-Pacific Region, 2012
Table 97: Quarterly Rest of the World Deals – Volume and Value, 2010 and 2011
Table 98: Quarterly Rest of the World Deals – by Deal Type
Table 99: Quarterly Rest of the World Deals – by Segment
Table 100: Major M&A Deals – Rest of World, 2011
Table 101: Major Equity Offerings – Rest of World, 2011
Table 102: Major Debt Offerings – Rest of World, 2011
Table 103: Major Planned and Speculated Deals – Rest of World, 2012
Table 104: Major Deals in Brazil, 2011
Table 105: Major Deals in Russia, 2011
Table 106: Major M&A Deals in India, 2011
Table 107: Major Equity Offerings in India, 2011
Table 108: Major PE/VC Offerings in India, 2011
Table 109: Major M&A Deals in China, 2011
Table 110: Major Equity Offerings in China, 2011

List of figures

Figure 1: Quarterly Deal Volume, 2011
Figure 2: Quarterly Deal Value (US$ Million), 2010 and 2011
Figure 3: Deal Rationale Analysis, 2011
Figure 4: Deals by Deal Type – Value and Volume (%), 2010 and 2011
Figure 5: M&A Deals by Segment – Volume and Value (%), 2010 and 2011
Figure 6: M&A Deals by Region – Volume and Value (%), 2010 and 2011
Figure 7: Equity Offerings by Segment – Volume and Value (%), 2010 and 2011
Figure 8: Equity Offerings by Region – Volume and Value (%), 2010 and 2011
Figure 9: Debt Offerings by Segment – Volume and Value (%), 2010 and 2011
Figure 10: Debt Offerings by Region – Volume and Value (%), 2010 and 2011
Figure 11: PE/VC Deals by Segment – Volume and Value (%), 2010 and 2011
Figure 12: PE/VC Deals by Region – Volume and Value (%), 2010 and 2011
Figure 13: Partnership Deals by Segment – Volume, 2010 and 2011
Figure 14: Partnership Deals by Region – Volume, 2010 and 2011
Figure 15: Deals by Segment – Value and Volume (%), 2010 and 2011
Figure 16: Deal Volume – Segment by Deal Type
Figure 17: Deal Value – Segment by Deal Type (US$ Million), 2011
Figure 18: Quarterly A&D Deals – Volume and Value, 2010 and 2011
Figure 19: Quarterly Construction Contractor Deals – Volume and Value, 2010 and 2011
Figure 20: Quarterly Construction Equipment Deals – Value and Volume, 2010 and 2011
Figure 21: Quarterly Products & Materials Deals – Value and Volume, 2010 and 2011
Figure 22: Deals by Region – Value and Volume, 2010 and 2011
Figure 23: Quarterly North American Deals – Volume and Value, 2010 and 2011
Figure 24: Quarterly North American Deals – by Deal Type
Figure 25: Quarterly North American Deals – by Segment
Figure 26: Quarterly European Deals – Value and Volume, 2010 and 2011
Figure 27: Quarterly European Deals – by Deal Type
Figure 28: Quarterly European Deals – by Segment
Figure 29: Quarterly Asia-Pacific Deals – Volume and Value, 2010 and 2011
Figure 30: Quarterly Asia-Pacific Deals – by Deal Type
Figure 31: Quarterly Asia-Pacific Deals – by Segment
Figure 32: Quarterly Rest of the World Deals – Volume and Value, 2010 and 2011
Figure 33: Quarterly Rest of the World Deals – by Deal Type
Figure 34: Quarterly Rest of the World Deals – by Segment