Total tourism & leisure industry M&A deals worth $569.3m were announced globally in February 2022, led by Allwyn Entertainment’s $372.2m acquisition of OPAP, according to GlobalData’s deals database.
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The value marked a decrease of 28.3% over the previous month of $794.28m and a drop of 85% when compared with the last 12-month average, which stood at $3.79bn.
Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $372.2m. At the country level, the Greece topped the list in terms of deal value at $372.2m.
In terms of volumes, Europe emerged as the top region for tourism & leisure industry M&A deals globally, followed by Asia-Pacific and then North America.
The top country in terms of M&A deals activity in February 2022 was the US with five deals, followed by the UK with four and Australia with two.
In 2022, as of February, tourism & leisure M&A deals worth $1.36bn were announced globally, marking an increase of 72.7% year on year.
tourism & leisure industry M&A deals in February 2022: Top deals
The top three M&A deals accounted for 100% of the overall value during February 2022.
The combined value of the top three tourism & leisure M&A deals stood at $569.3m, against the overall value of $569.3m recorded for the month.
The top three tourism & leisure industry M&A deals of February 2022 tracked by GlobalData were:
1) Allwyn Entertainment $372.2m acquisition deal with OPAP
2) The $195m acquisition of Nugget Casino Resort by Century Casinos
3) Alloggio Group $2.09m acquisition deal with Best of Magnetic
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.