Tourism & leisure industry M&A deals in Q2 2020 total $3.64bn globally

28th July 2020 (Last Updated July 28th, 2020 13:59)
Tourism & leisure industry M&A deals in Q2 2020 total $3.64bn globally

Total tourism & leisure industry M&A deals in Q2 2020 worth $3.64bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 71.8% over the previous quarter and a drop of 80.4% when compared with the last four-quarter average, which stood at $18.59bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $2.64bn. At the country level, Sweden topped the list in terms of deal value at $2.32bn.

In terms of volumes, North America emerged as the top region for tourism & leisure industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in Q2 2020 was the US with 35 deals, followed by the UK with 15 and China with ten.

In 2020, as of the end of Q2 2020, tourism & leisure M&A deals worth $16.58bn were announced globally, marking a decrease of 58.3% year on year.

Tourism & leisure industry M&A deals in Q2 2020: Top deals

The top five tourism & leisure industry M&A deals accounted for 86.4% of the overall value during Q2 2020.

The combined value of the top five tourism & leisure M&A deals stood at $3.15bn, against the overall value of $3.64bn recorded for the month.

The top five tourism & leisure industry deals of Q2 2020 tracked by GlobalData were:

1) Evolution Gaming Group’s $2.32bn acquisition of NetEnt

2) The $290.7m asset transaction with GuocoLand (China) by Shanghai Zhengjiu Industrial

3) Belterra Investments’s $224.57m acquisition of Porto Carras

4) The $159.96m acquisition of Summit Ascent Holdings by Suncity Group Holdings

5) Twin River Worldwide Holdings’ asset transaction with Eldorado Resorts for $155m.

Verdict deals analysis methodology

This analysis considers only announced and completed 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.