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  1. Deals Analysis
July 17, 2019

Europe’s tourism & leisure industry sees a rise of 26.4% in deal activity in Q2 2019

Europe’s tourism & leisure industry saw a rise of 26.4% in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 115 deals worth $16.42bn were announced for the region during Q2 2019, against the last four-quarter average of 91 deals.

Of all the deal types, M&A saw most activity in Q2 2019 with 79, representing a 68.7% share for the region.

In second place was private equity with 21 deals, followed by venture financing deals with 15 transactions, respectively capturing an 18.3% and 13.04% 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 $8.89bn, while M&A and venture financing deals totalled $6.95bn and $585.77m, respectively.

Europe tourism & leisure industry deals in Q2 2019: Top deals

The top five tourism & leisure deals accounted for 84.1% of the overall value during Q2 2019.

The combined value of the top five tourism & leisure deals stood at $13.81bn, against the overall value of $16.42bn recorded for the quarter. The top announced tourism & leisure deal tracked by GlobalData in Q2 2019 was Canada Pension Plan Investment Board, KIRKBI Invest and The Blackstone Group’s $7.56bn private equity deal with Merlin Entertainments.

In second place was the $2.83bn stake acquisition of Millennium & Copthorne Hotels by Agapier Investments and in third place was The Goldman Sachs Group’s $2.24bn acquisition of B & B Hotels.

The $702.69m private equity deal with Parques Reunidos Servicios Centrales by Alba Europe, EQT and Miles Capital and Korelya Capital, Lakestar Capital, SoftBank Vision Fund, Sunstone Capital, Swisscanto and Temasek Holdings (Private)’s venture financing of GetYourGuide for $484m held fourth and fifth positions, respectively.

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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