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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.

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.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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