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