Led by $1.23bn private equity deal with Bourne Leisure, Europe’s tourism & leisure industry saw a drop of 18.18% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 27 cross border deals worth $2.62bn were announced for the region during Q1 2021, against the last four-quarter average of 33 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 19 deals, representing a 70.4% share for the region.
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In second place was private equity with five deals, followed by venture financing deals with three transactions, respectively capturing an 18.5% and 11.1% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, private equity was the leading category in Europe’s tourism & leisure industry with $1.6bn, while M&A and venture financing deals totalled $973.3m and $45.51m, respectively.
Europe tourism & leisure industry cross border deals in Q1 2021: Top deals
The top five tourism & leisure cross border deals accounted for a 93.3% share of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $2.45bn, against the overall value of $2.62bn recorded for the quarter.
The top five tourism & leisure industry cross border deals of Q1 2021 tracked by GlobalData were:
1) The Blackstone Group’s $1.23bn private equity deal with Bourne Leisure
2) The $440.16m acquisition of majority stake in Nordic Leisure by GVC Holdings
3) Greystar Real Estate Partners’ $403.57m asset transaction with KKRInc
4) The $220.5m private equity deal with by Ares Real Estate Group and Generation Partners
5) BPI France, Certares Management, Credit Mutuel Equity and Nov Tourisme’s private equity with Voyageurs du Monde for $154.42m.