Europe’s tourism & leisure industry saw a drop of 27.8% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 70 deals worth $5.08bn were announced for the region during Q3 2020, against the last four-quarter average of 97 deals.

Of all the deal types, M&A saw most activity in Q3 2020 with 47, representing a 67.1% share for the region.

In second place was venture financing with 15 deals, followed by private equity deals with eight transactions, respectively capturing a 21.4% and 11.4% 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 $3.9bn, while M&A and venture financing deals totalled $1.04bn and $136.19m, respectively.

Europe tourism & leisure industry deals in Q3 2020: Top deals

The top five tourism & leisure deals accounted for 95.1% of the overall value during Q3 2020.

The combined value of the top five tourism & leisure deals stood at $4.83bn, against the overall value of $5.08bn recorded for the quarter.

The top five tourism & leisure industry deals of Q3 2020 tracked by GlobalData were:

1) Apollo Global Management and Caesars Entertainment’s $3.69bn private equity deal with William Hill

2) The $700.17m acquisition of AS Roma by The Friedkin Group

3) Tennor Holding’s $168.42m private equity deal with Hertha BSC GmbH & Co

4) The $167.99m asset transaction with Strawberry Forever by NREP

5) Goldman Sachs Asset Management, Kinnevik, Kleiner Perkins Caufield & Byers, New Enterprise Associates and Temasek Holdings (Private)’s venture financing of Omio for $100m.

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.