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.
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.
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.