September 20, 2022
M&A Trends: 2022 Isn’t a Bad Year for Everyone
Most of the news about M&A trends during the current year has been kind of depressing, particularly when compared to recent years. But a recent analysis from Bloomberg Law’s Grace Maral Burnett says at least two sectors – Software & REITs – have a much more upbeat dealmaking story to tell. Grace says that the two sectors have both higher 2022 deal activity than other industries, and that they’ve already managed to surpass their own full year activity for 2021. This excerpt summarizes activity in the REIT sector:
Year to date, over 4,700 controlling-stake deals involving REITs—which fall under the financial sector—with an aggregate value of $286.8 billion have been announced globally, and are currently pending or completed. The three largest of these deals announced this year have been the $12.8 billion acquisition of American Campus Communities Inc. by Blackstone Inc., announced in April, the $26.3 billion acquisition of Duke Realty Corp. by Prologis Inc., announced in June, and the $13.8 billion acquisition of STORE Capital Corp by a consortium led by GIC Pte. Ltd., which was announced today.
– John Jenkins