Europe’s tourism & leisure industry sees a drop of 14.6% in deal activity in Q4 2020

21st January 2021 (Last Updated January 21st, 2021 09:11)

Europe’s tourism & leisure industry sees a drop of 14.6% in deal activity in Q4 2020

Europe’s tourism & leisure industry saw a drop of 14.6% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 76 deals worth $7.07bn were announced for the region during Q4 2020, against the last four-quarter average of 89 deals.

Of all the deal types, M&A saw most activity in Q4 2020 with 46, representing a 60.5% share for the region.

In second place was venture financing with 20 deals, followed by private equity deals with ten transactions, respectively capturing a 26.3% and 13.2% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s tourism & leisure industry with $5.35bn, while private equity and venture financing deals totalled $1.41bn and $320.33m, respectively.

Europe tourism & leisure industry deals in Q4 2020: Top deals

The top five tourism & leisure deals accounted for 92.5% of the overall value during Q4 2020.

The combined value of the top five tourism & leisure deals stood at $6.54bn, against the overall value of $7.07bn recorded for the quarter.

The top five tourism & leisure industry deals of Q4 2020 tracked by GlobalData were:

1) Caesars Entertainment’s $3.69bn acquisition of William Hill

2) The $1.33bn acquisition of Lottomatica Scommesse and Lottomatica Videolot Rete by Gamenet Group

3) MSP Sports Capital, The Najafi Companies and UBS O’Connor Limited’s $740.09m private equity deal with McLaren Racing

4) The $593.07m private equity deal with Sazka Entertainment by Apollo Global Management

5) D1 Capital Partners and Darsana Capital Partners’ venture financing of Bolt Technology for $182.28m.

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.