Tourism & leisure industry private equity deals in Q3 2020 total $4.61bn globally

18th November 2020 (Last Updated November 18th, 2020 18:46)

Tourism & leisure industry private equity deals in Q3 2020 total $4.61bn globally

Total tourism & leisure industry private equity deals in Q3 2020 worth $4.61bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 12.9% over the previous quarter and a rise of 5.5% when compared with the last four-quarter average, which stood at $4.41bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $3.9bn. At the country level, the UK topped the list in terms of deal value at $3.71bn.

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

The top country in terms of private equity deals activity in Q3 2020 was the US with seven deals, followed by France with three and Argentina with two.

In 2020, as of the end of Q3 2020, tourism & leisure private equity deals worth $15.93bn were announced globally, marking an increase of 17.3% year on year.

Tourism & leisure industry private equity deals in Q3 2020: Top deals

The top five tourism & leisure industry private equity deals accounted for 93.3% of the overall value during Q3 2020.

The combined value of the top five tourism & leisure private equity deals stood at $4.3bn, against the overall value of $4.61bn recorded for the month.

The top five tourism & leisure industry deals of Q3 2020 tracked by GlobalData were:

1) Apollo Global Management and Caesars Entertainment’s $3.69bn private equity deal with William Hill

2) The $200m private equity deal with Surf Air by Global Emerging Markets

3) Tennor Holding’s $168.42m private equity deal with Hertha BSC GmbH & Co

4) The $150m private equity deal with Despegar.com by L Catterton

5) Declaration Capital, Deep Field Asset Management, Durable Capital Partners, Headlands Capital Advisors and MSD Partners’ private equity deal with Lindblad Expeditions Holdings for $85m.

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.