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  1. Deals Analysis
April 27, 2021

Asia-Pacific’s tourism & leisure industry saw a drop of 4.55% in deal activity during March 2021

Asia-Pacific’s tourism & leisure industry saw a drop of 4.55% in deal activity during March 2021, when compared with the last 12-month average, led by The Blackstone Group’s $6.2bn acquisition of Crown Resorts, according to GlobalData’s deals database.

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A total of 21 tourism & leisure industry deals worth $7.04bn were announced for the region in March 2021, against the 12-month average of 22 deals.

Of all the deal types, M&A saw most activity in March 2021 with 12 transactions, representing a 57.1% share for the region.

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In second place was venture financing with five deals, followed by private equity deals with four transactions, respectively capturing a 23.8% and 19.05% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in Asia-Pacific’s tourism & leisure industry with $6.95bn, while M&A and venture financing deals totalled $74.16m and $13.4m, respectively.

Asia-Pacific tourism & leisure industry deals in March 2021: Top deals

The top five tourism & leisure deals accounted for 99.8% of the overall value during March 2021.

The combined value of the top five tourism & leisure deals stood at $7.03bn, against the overall value of $7.04bn recorded for the month.

The top five tourism & leisure industry deals of March 2021 tracked by GlobalData were:

1) The Blackstone Group’s $6.2bn private equity deal with Crown Resorts

2) The $550.2m private equity deal with Kintetsu Group Holdings by Blackstone Group Holdings

3) Affinity Equity Partners’ $200m private equity deal with Plaza Premium Group

4) The $66.2m acquisition of Junglee Games IndiaLtd. by Flutter Entertainment

5) Clearmind Capital, Gobi Partners, Grosvenor Asia Pacific, MindWorks Ventures and Taronga Group’s venture financing of Dash Hong Kong for $8.8m.

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