In the European tourism & leisure industry, there were 30 M&A deals announced in Q2 2023, worth a total value of $1bn, according to GlobalData’s Deals Database. The $940.9m acquisition of STS Holding by Entain Holdings (CEE) was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in Europe increased by 24% in Q2 2023 compared with the previous quarter’s total of $804.7m and fell by 35% as compared to Q2 2022. Related deal volume decreased by 29% in Q2 2023 versus the previous quarter and was 50% lower than in Q2 2022.
The top-ranked legal advisors supporting these M&A deals in Europe Q2 2023 were DLA Piper; Freshfields Bruckhaus Deringer; Weil, Gotshal & Manges with 3, 2, 2 deals respectively.
For further understanding of GlobalData's Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.