Tourism & leisure industry M&A deals in Q1 2019 total $342.06m in UK

6th June 2019 (Last Updated June 6th, 2019 04:58)
Tourism & leisure industry M&A deals in Q1 2019 total $342.06m in UK

Total tourism & leisure industry M&A deals in Q1 2019 worth $342.06m were announced in the UK, according to GlobalData’s deals database.

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The value marked a decrease of 68.3% over the previous quarter and a drop of 89.3% when compared with the last four-quarter average of $3.19bn.

The UK held a 4% share of the global tourism & leisure industry M&A deal value that totalled $8.58bn in Q1 2019.

In terms of deal activity, the UK recorded 25 deals during Q1 2019, marking decrease of 26% over the previous quarter and a drop of 13.8% over the last four-quarter average.

The UK tourism & leisure industry M&A deals in Q1 2019: Top deals

The top five tourism & leisure industry M&A deals accounted for 67.1% of the overall value during Q1 2019.

The combined value of the top five tourism & leisure industry M&A deals stood at $229.39m, against the overall value of $342.06m recorded for the quarter. The top announced tourism & leisure industry M&A deal tracked by GlobalData in Q1 2019 was Britannia Hospitality’s $100.12m asset transaction with Northcote Hotel.

In second place was the $57.97m acquisition of Ever Praise Enterprises by Top Metro Ventures (Rich Goldman Holdings) and in third place was David Cunningham King’s $24.8m stake acquisition of Rangers International Football Club.

The $23.25m asset transaction with JPJ Group by 888 and Brigend’s asset transaction with Jet Management Group and Jet Media for $23.25m held fourth and fifth positions, respectively.

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.