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.

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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