Europe’s tourism & leisure industry sees a drop of 10.3% in deal activity in April 2019

20th May 2019 (Last Updated May 20th, 2019 11:01)
Europe’s tourism & leisure industry sees a drop of 10.3% in deal activity in April 2019

Europe’s tourism & leisure industry saw a drop of 10.3% in deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 26 tourism & leisure industry deals worth $426.25m were announced for the region in April 2019, against the 12-month average of 29 deals.

Of all the deal types, M&A saw most activity in April 2019 with 19 transactions, representing a 73.1% share for the region.

In second place was private equity with four deals, followed by venture financing deals with three transactions, respectively capturing a 15.4% and 11.5% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s tourism & leisure industry with $421.16m, while venture financing and private equity deals totalled $3.79m and $1.31m, respectively.

Europe tourism & leisure industry deals in April 2019: Top deals

The top five tourism & leisure deals accounted for 98.7% of the overall value during April 2019.

The combined value of the top five tourism & leisure deals stood at $420.74m, against the overall value of $426.25m recorded for the month. The top announced tourism & leisure deal tracked by GlobalData in April 2019 was Getaround’s $300m acquisition of Drivy.

In second place was the $110.13m asset transaction with L.C. (London) by Heeton Holdings, Ho Lee Group and KSH Holdings and in third place was Sugarhill Investments’ $7.05m acquisition of 88 rooms a four-star hotel in Belgrade, Serbia.

The $2.25m venture financing of Exoticca by Harbert European Growth Capital and Stone Venture Capital’s private equity deal with Solos Holidays for $1.31m held fourth and fifth positions, respectively.

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.