Europe’s tourism & leisure industry saw a rise of 17.2% in deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 34 tourism & leisure industry deals worth $3.75bn were announced for the region in May 2019, against the 12-month average of 29 deals.

Of all the deal types, M&A saw most activity in May 2019 with 23 transactions, representing a 67.7% share for the region.

In second place was private equity with seven deals, followed by venture financing deals with four transactions, respectively capturing a 20.6% and 11.8% share of the overall deal activity for the month.

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In terms of value of deals, M&A was the leading category in Europe’s tourism & leisure industry with $3.02bn, while venture financing and private equity deals totalled $541m and $196.22m, respectively.

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

The top five tourism & leisure deals accounted for 92.7% of the overall value during May 2019.

The combined value of the top five tourism & leisure deals stood at $3.48bn, against the overall value of $3.75bn recorded for the month. The top announced tourism & leisure deal tracked by GlobalData in May 2019 was The Goldman Sachs Group’s $2.24bn acquisition of B & B Hotels.

In second place was the $484m venture financing of GetYourGuide by Korelya Capital, Lakestar Capital, SoftBank Vision Fund, Sunstone Capital, Swisscanto and Temasek Holdings and in third place was Oravel Stays’ $413.42m acquisition of Leisure Group.

The $195.89m private equity deal with Superbet Online by Blackstone Tactical Opportunities and Rank BidCo’s acquisition of Stride Gaming for $145.51m 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.