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.
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.
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.