Asia-Pacific’s tourism & leisure industry saw a rise of 4.55% in deal activity during April 2021, when compared with the last 12-month average, led by Evolution Gaming Group’s $535.28m acquisition of Big Time Gaming, according to GlobalData’s deals database.
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A total of 23 tourism & leisure industry deals worth $856.4m were announced for the region in April 2021, against the 12-month average of 22 deals.
Of all the deal types, M&A saw most activity in April 2021 with 12 transactions, representing a 52.2% share for the region.
In second place was venture financing with ten deals, followed by private equity deals with one transactions, respectively capturing a 43.5% and 4.4% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s tourism & leisure industry with $647.49m, while venture financing and private equity deals totalled $207.94m and $1m, respectively.
Asia-Pacific tourism & leisure industry deals in April 2021: Top deals
The top five tourism & leisure deals accounted for 96.2% of the overall value during April 2021.
The combined value of the top five tourism & leisure deals stood at $824.27m, against the overall value of $856.4m recorded for the month.
The top five tourism & leisure industry deals of April 2021 tracked by GlobalData were:
1) Evolution Gaming Group’s $535.28m acquisition of Big Time Gaming
3) Iris Capital (Australia)’s $81.51m asset transaction with Lasseters International