Tourism & leisure industry M&A deals in Q2 2019 total $3.36bn in UK

Total tourism & leisure industry M&A deals in Q2 2019 worth $3.36bn were announced in the UK, according to GlobalData’s deals database.

The value marked an increase of 456.6% over the previous quarter and a rise of 35.8% when compared with the last four-quarter average of $2.48bn.

The UK held an 11.1% share of the global tourism & leisure industry M&A deal value that totalled $30.36bn in Q2 2019.

In terms of deal activity, the UK recorded 29 deals during Q2 2019, marking a rise of 11.5% 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 Q2 2019: Top deals

The top five tourism & leisure industry M&A deals accounted for 97.6% of the overall value during Q2 2019.

The combined value of the top five tourism & leisure industry M&A deals stood at $3.29bn, against the overall value of $3.36bn recorded for the quarter. The top announced tourism & leisure industry M&A deal tracked by GlobalData in Q2 2019 was Agapier Investments’ $2.83bn stake acquisition of Millennium & Copthorne Hotels.

In second place was the $145.51m acquisition of Stride Gaming by Rank BidCo and in third place was Inspired Entertainment’s $120m acquisition of AstraGames, Bell-FruitGroup, Gamestec Leisure, Harlequin Gaming, Innov8 Gaming and Playnation.

The $110.13m asset transaction with L.C. (London) by Heeton Holdings, Ho Lee Group and KSH Holdings and London + Regional Properties’ asset transaction with Royal Dutch Shell for $78.65m held fourth and fifth positions, respectively.

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.