The Blackstone Group’s $6.2bn private equity deal with Crown Resorts was the tourism & leisure industry’s biggest cross border deal of Q1 2021 as cross border deals worth $12.26bn were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked an increase of 13.3% over the previous quarter and a rise of 91.6% when compared with the last four-quarter average of $6.4bn.

In terms of number of cross border deals, the sector saw a drop of 0.84% with 59 deals in Q1 2021 against the average of 59.50 deals in the last four-quarters.

In value terms, Europe led the activity with cross border deals worth $7.39bn.

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tourism & leisure industry cross border deals in Q1 2021: Top deals

The top five tourism & leisure industry cross border deals accounted for 72% of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $8.82bn, against the overall value of $12.26bn recorded for the quarter.

The top five tourism & leisure industry cross border deals of Q1 2021 tracked by GlobalData were:

1) The Blackstone Group’s $6.2bn private equity deals with Crown Resorts

2) The $1.23bn acquisition of Bourne Leisure by The Blackstone Group

3) Blackstone Group Holdings’ $550.2m private equity deal with Kintetsu Group Holdings

4) The $440.16m acquisition of majority stake in Nordic Leisure by GVC Holdings

5) Greystar Real Estate Partners’ acquisition of KKRInc for $403.57m.