RedBird Capital Partners’ $1.29bn private equity deal with Associazione Calcio Milan was the Tourism & leisure industry’s biggest cross border deal of Q2 2022 as cross border deals worth $2.6bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked a decrease of 71.7% over the previous quarter and a drop of 82.3% when compared with the last four-quarter average of $14.82bn.
In terms of number of cross border deals, the sector saw a rise of 2.95% with 61 deals in Q2 2022 against the average of 59.25 deals in the last four-quarters.
In value terms, Europe led the activity with cross border deals worth $2.05bn.
Tourism & leisure industry cross border deals in Q2 2022: Top deals
The top five Tourism & leisure industry cross border deals accounted for 79.3% of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $2.07bn, against the overall value of $2.6bn recorded for the quarter.
The top five Tourism & leisure industry cross border deals of Q2 2022 tracked by GlobalData were:
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 for 51% stake in DigitalBridge Group
4) The $176m acquisition of Fortress State International by TKTR Investment
5) Better Collective $113.31m acquisition deal with Futbin