Europe’s tourism & leisure industry saw a drop of 20.69% in deal activity during November 2022

Europe’s tourism & leisure industry saw a drop of 20.69% in deal activity during November 2022, when compared with the last 12-month average, led by GBO’s $321.19m acquisition of BetFlag, according to GlobalData’s deals database.

A total of 23 tourism & leisure industry deals worth $368.6m were announced for the region in November 2022, against the 12-month average of 29 deals.

Of all the deal types, M&A saw most activity in November 2022 with 17 transactions, representing a 73.9% share for the region.

In second place was venture financing with four deals, followed by private equity deals with two transactions, respectively capturing a 17.4% and 8.7% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s tourism & leisure industry with $321.19m, followed by venture financing deals totalled $47.39m.

Europe tourism & leisure industry deals in November 2022: Top deals

The top three tourism & leisure deals accounted for 99.9% of the overall value during November 2022.

The combined value of the top three tourism & leisure deals stood at $368.17m, against the overall value of $368.6m recorded for the month.

The top three tourism & leisure industry deals of November 2022 tracked by GlobalData were:

1) GBO’s $321.19m acquisition deal with BetFlag

2) The $44.91m venture financing of Limehome by AW Rostamani, Capital Four Management Fondsmaeglerselskab, HVCapital, Lakestar Ventures and Picus Capital

3) Alexander Willemsen and Sam Rohn’s $2.07m venture financing deal with sneleentaxi