Total tourism & leisure industry cross border M&A deals worth $4.6bn were announced globally in Q3 2022, led by Entain’s $944.32m acquisition of 75% stake in SuperSport, according to GlobalData’s deals database.
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The value marked an increase of 13.8% over the previous quarter of $4bn and a drop of 59.8% when compared with the last four-quarter average, which stood at $11.33bn.
Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $4.46bn. At the country level, the UK topped the list in terms of deal value at $3.17bn.
In terms of volumes, Europe emerged as the top region for tourism & leisure industry cross border M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of cross border M&A deals activity in Q3 2022 was the UK with five deals, followed by Canada with four and Australia with three.
In 2022, at the end of , cross border M&A deals worth $15.48bn were announced globally in tourism & leisure industry, marking a decrease of 57.8% year on year.
Cross Border M&A deals in tourism & leisure industry in Q3 2022: Top deals
The top five cross border M&A deals in tourism & leisure industry accounted for 57.8% of the overall value during Q3 2022.
The combined value of the top deals stood at $1.3bn, against the overall value of $4.6bn recorded for the quarter.
The top five tourism & leisure industry cross border tourism & leisure deals of Q3 2022 tracked by GlobalData were:
1) Entain’s $944.32m acquisition deal for 75% stake in SuperSport
2) The $168.01m asset transaction deal with Dunas Capital and KKR by Fattal Group
3) London + Regional Properties’s $101.81m asset transaction deal with Coima Sgr
4) The $45.06m asset transaction of Starwood Capital Group Management by Pandox
5) Wyndham Hotels & Resorts’s $44m asset transaction deal with HR Group