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  1. Deals Analysis
March 31, 2021

Tourism & Leisure industry M&A deals total $1bn globally in February 2021

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.

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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.

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