Tourism & leisure industry M&A deals in Q1 2020 total $2.82bn in UK

22nd April 2020 (Last Updated April 22nd, 2020 14:55)
Tourism & leisure industry M&A deals in Q1 2020 total $2.82bn in UK

Total tourism & leisure industry M&A deals in Q1 2020 worth $2.82bn were announced in the UK, according to GlobalData’s deals database.

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The value marked an increase of 389.4% over the previous quarter and a rise of 134.4% when compared with the last four-quarter average of $1.2bn.

The UK held a 22.5% share of the global tourism & leisure industry M&A deal value that totalled $12.56bn in Q1 2020.

In terms of deal activity, the UK recorded 29 deals during Q1 2020, marking a flat growth over the previous quarter and a rise of 3.6% over the last four-quarter average.

The UK tourism & leisure industry M&A deals in Q1 2020: Top deals

The top five tourism & leisure industry M&A deals accounted for 19.7% of the overall value during Q1 2020.

The combined value of the top five tourism & leisure M&A deals stood at $556.88m, against the overall value of $2.82bn recorded for the month.

The top five tourism & leisure industry deals of Q1 2020 tracked by GlobalData were:

1) AXA Investment Managers’ $262.03m asset transaction with Principal Real Estate Europe

2) The $151.37m acquisition of Cineworld Group by GIC

3) Shun Tak-China Travel Shipping Investments’ $65.36m acquisition of China Travel Tours Transportation Development (HK)

4) The $49.73m asset transaction with Marrero family by Dreamplace Hotels & Resorts

5) The Ability Group’s asset transaction with CIMC for $28.39m.

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.