Total tourism & leisure industry M&A deals worth $1bn were announced globally in February 2021, led by Greystar Real Estate Partners’ $403.57m asset transaction with KKRInc, according to GlobalData’s deals database.
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The value marked a decrease of 67.9% over the previous month of $3.11bn and a drop of 61.7% when compared with the last 12-month average, which stood at $2.61bn.
Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $540.06m. At the country level, the UK topped the list in terms of deal value at $422.42m.
In terms of volumes, Asia-Pacific emerged as the top region for tourism & leisure industry M&A deals globally, followed by Europe and then North America.
The top country in terms of M&A deals activity in February 2021 was the US with five deals, followed by the Japan with four and the UK with three.
In 2021, as of February, tourism & leisure M&A deals worth $4.12bn were announced globally, marking an increase of 57.6% year on year.
tourism & leisure industry M&A deals in February 2021: Top deals
The top five M&A deals accounted for 80.5% of the overall value during February 2021.
The combined value of the top five tourism & leisure M&A deals stood at $808.16m, against the overall value of $1bn recorded for the month.
The top five tourism & leisure industry M&A deals of February 2021 tracked by GlobalData were:
1) Greystar Real Estate Partners’ $403.57m asset transaction with KKRInc
2) The $182m asset transaction with by Kumho Petrochemical
3) Pro-invest Group’s $102.25m asset transaction with Greenland (Australia) Investment
4) The $90m asset transaction with SK Wyverns by EMART
5) Amancio Ortega’s acquisition of Pontegadea Inversiones for $30.34m.
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.