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  1. Deals Analysis
April 21, 2020

Europe’s tourism & leisure industry sees a drop of 24.4% in deal activity in Q1 2020

Europe’s tourism & leisure industry saw a drop of 24.4% in overall deal activity during Q1 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 87 deals worth $10.76bn were announced for the region during Q1 2020, against the last four-quarter average of 115 deals.

Of all the deal types, M&A saw most activity in Q1 2020 with 64, representing a 73.6% share for the region.

In second place was venture financing with 15 deals, followed by private equity deals with eight transactions, respectively capturing a 17.2% and 9.2% share of the overall deal activity for the quarter.

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In terms of value of deals, private equity was the leading category in Europe’s tourism & leisure industry with $6.11bn, while M&A and venture financing deals totalled $4.56bn and $90.93m, respectively.

Europe tourism & leisure industry deals in Q1 2020: Top deals

The top five tourism & leisure deals accounted for 72% of the overall value during Q1 2020.

The combined value of the top five tourism & leisure deals stood at $7.75bn, against the overall value of $10.76bn recorded for the quarter.

The top five tourism & leisure industry deals of Q1 2020 tracked by GlobalData were:

1) The Blackstone Group’s $6.03bn private equity deal with IQSA Services

2) The $669.3m asset transaction with Varde Partners Europe by Covivio

3) Covivio Hotels’ $631.39m asset transaction with

4) The $262.03m asset transaction with Principal Real Estate Europe by AXA Investment Managers

5) GIC’s acquisition of Cineworld Group for $151.37m.

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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