Total Tourism & leisure industry cross border M&A deals worth $850.9m were announced globally in Q2 2022, led by Entain’s $313.62m acquisition of BetCity Network, according to GlobalData’s deals database.
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The value marked a decrease of 55.7% over the previous quarter of $1.92bn and a drop of 89.4% when compared with the last four-quarter average, which stood at $8.04bn.
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 $352m. At the country level, the The Netherlands topped the list in terms of deal value at $313.62m.
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 Q2 2022 was the UK with four deals, followed by the US with three and Spain with two.
In 2022, at the end of , cross border M&A deals worth $2.77bn were announced globally in Tourism & leisure industry, marking a decrease of 59.6% year on year.
Cross Border M&A deals in Tourism & leisure industry in Q2 2022: Top deals
The top five cross border M&A deals in Tourism & leisure industry accounted for 59.6% of the overall value during Q2 2022.
The combined value of the top deals stood at $655.43m, against the overall value of $850.9m recorded for the quarter.
The top five Tourism & leisure industry cross border Tourism & leisure deals of Q2 2022 tracked by GlobalData were:
1) Entain $313.62m acquisition deal with BetCity Network
2) The $176m acquisition of Fortress State International by TKTR Investment
3) Better Collective $113.31m acquisition deal with Futbin
4) The $37.5m acquisition of 13% stake in Associazione Sportiva Roma by The Friedkin Group
5) Despegar.com $15m acquisition deal with TVLX Viagens e Turismo
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.