Total tourism & leisure industry M&A deals worth $570.9m were announced globally in June 2021, led by Mwendo Holdings’ $181.5m acquisition of 21.4% stake in BetKing, according to GlobalData’s deals database.
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The value marked a decrease of 24.6% over the previous month of $757.31m and a drop of 75.6% when compared with the last 12-month average, which stood at $2.34bn.
Comparing M&A deals value in different regions of the globe, Middle East and Africa held the top position, with total announced deals in the period worth $216.57m. At the country level, the Nigeria topped the list in terms of deal value at $207.87m.
In terms of volumes, Europe emerged as the top region for tourism & leisure industry M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of M&A deals activity in June 2021 was the US with seven deals, followed by the Nigeria with two and Spain with two.
In 2021, as of June, tourism & leisure M&A deals worth $13.22bn were announced globally, marking an increase of 184.5% year on year.
tourism & leisure industry M&A deals in June 2021: Top deals
The top five M&A deals accounted for 86.5% of the overall value during June 2021.
The combined value of the top five tourism & leisure M&A deals stood at $494.06m, against the overall value of $570.9m recorded for the month.
The top five tourism & leisure industry M&A deals of June 2021 tracked by GlobalData were:
1) Mwendo Holdings’ $181.5m acquisition of 21.4% stake in BetKing
2) The $132.8m acquisition of Shanghai Jiulong Hotel by Beijing Jinhui Chuangling Technology
3) Lifespot Capital’s $71.85m acquisition of Munich Hotel Invest
4) The $54.37m acquisition of 3.49% stake in Keystone Lodging by Jin Jiang Hotels Development
5) Eagle Hills Zagreb Real Estate’s acquisition of 30.29% stake in Sunce Hotels for $53.54m.
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.