Europe’s tourism & leisure industry saw a rise of 12.00% in deal activity during March 2021, when compared with the last 12-month average, led by BPI France, Certares Management, Credit Mutuel Equity and Nov Tourisme’s $154.42m acquisition of Voyageurs du Monde, according to GlobalData’s deals database.
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A total of 28 tourism & leisure industry deals worth $404.84m were announced for the region in March 2021, against the 12-month average of 25 deals.
Of all the deal types, M&A saw most activity in March 2021 with 19 transactions, representing a 67.9% share for the region.
In second place was private equity with five deals, followed by venture financing deals with four transactions, respectively capturing a 17.9% and 14.3% 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 $206.46m, while private equity and venture financing deals totalled $154.42m and $43.96m, respectively.
Europe tourism & leisure industry deals in March 2021: Top deals
The top five tourism & leisure deals accounted for 64.4% of the overall value during March 2021.
The combined value of the top five tourism & leisure deals stood at $260.82m, against the overall value of $404.84m recorded for the month.
The top five tourism & leisure industry deals of March 2021 tracked by GlobalData were:
1) BPI France, Certares Management, Credit Mutuel Equity and Nov Tourisme’s $154.42m private equity deal with Voyageurs du Monde
2) The $43m acquisition deal with Banach Technology by Lockspell
3) BMO Real Estate Partners’ $27.75m acquisition of Hinton Group
4) The $23.76m asset transaction with COSI Hospitality by Cherry Ventures, E.Ventures, Kreos Capital Group and Soravia Group
5) KN holding’s venture financing of TUI Russia & CIS for $11.9m.
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.