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  1. Deals Analysis
October 7, 2022

Tourism & Leisure industry cross border deals total $2.6bn globally in Q2 2022

By Carmen

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

Related Companies

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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