Led by $944.32m acquisition of 75% stake in SuperSport, Europe’s tourism & leisure industry saw a drop of 45.45% in cross border deal activity during Q3 2022, 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 $5.5bn were announced for the region during Q3 2022, against the last four-quarter average of 49.50 deals.
Of all the deal types, M&A saw most activity in Q3 2022 with 18 deals, representing a 66.7% share for the region.
In second place was private equity with six deals, followed by venture financing deals with three transactions, respectively capturing a 22.2% and 11.1% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, M&A was the leading category in Europe’s tourism & leisure industry with $4.46bn, while private equity and venture financing deals totalled $900m and $90.64m, respectively.
Europe tourism & leisure industry cross border deals in Q3 2022: Top deals
The top five tourism & leisure cross border deals accounted for a 39.9% share of the overall value during Q3 2022.
The combined value of the top five cross border deals stood at $2.17bn, against the overall value of $5.5bn recorded for the quarter.
1) Entain’s $944.32m acquisition deal for 75% stake in SuperSport
2) The $900m private equity deal with Aman Group by Cain International and The Saudi Public Investment Fund
3) Fattal Group’s $168.01m asset transaction deal with Dunas Capital and KKR
4) The $101.81m asset transaction deal with Coima Sgr by London + Regional Properties
5) Accelerated Digital Ventures, Alfvén & Didrikson, Campden Hill Capital, Cerebrum Tech, Jim O’Neill and Legal & General(Inactive)’s $60m venture financing deal with Onto Holdings
