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  1. Deals Analysis
May 24, 2021

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

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

2) The $176.9m venture financing deal with Cityneon by Doha Venture Capital, EDBI, Pavilion Capital, Ron Tan and Seatown Holdings International

3) Iris Capital (Australia)’s $81.51m asset transaction with Lasseters International

4) The $15.31m venture financing of Shanghai Zaitu Network Technology by DCM Capital, Jiuhe Venture Capital, Oriental Jiafu, UFIDA Network Technology and Zhang Tao

5) Alibaba Group Holding, Guolong Capital and Shenzhen Venture Capital Investment’s venture financing of DidaTravel Technology for $15.27m.

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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