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  1. Deals Analysis
October 7, 2022

Europe’s tourism & leisure industry saw a rise of 18.75% in cross border deal activity in Q2 2022

By Carmen

Led by $1.29bn private equity deal with Associazione Calcio Milan, Europe’s tourism & leisure industry saw a rise of 18.75% in cross border deal activity during Q2 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 38 cross border deals worth $2.1bn were announced for the region during Q2 2022, against the last four-quarter average of 32 deals.

Of all the deal types, M&A saw most activity in Q2 2022 with 19 deals, representing a 50% share for the region.

In second place was private equity with 13 deals, followed by venture financing deals with six transactions, respectively capturing a 34.2% and 15.8% 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 $1.57bn, while M&A and venture financing deals totalled $352m and $130.61m, respectively.

Europe tourism & leisure industry cross border deals in Q2 2022: Top deals

The top five tourism & leisure cross border deals accounted for a 95.7% share of the overall value during Q2 2022.

The combined value of the top five cross border deals stood at $1.96bn, against the overall value of $2.1bn recorded for the quarter.

1) RedBird Capital Partners $1.29bn private equity deal with Associazione Calcio Milan

2) The $313.62m acquisition of BetCity Network by Entain

3) Brookfield Asset Management $184.06m private equity deal with DigitalBridge Group

4) The $98.52m private equity of by EPISO 5 Fund

5) Goldman Sachs Asset Management,Lazard Asset Management,New Enterprise Associates,Stack Capital Group and Temasek Holdings (Private) $80m venture financing deal with Omio

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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.

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