Europe’s tourism & leisure industry saw a rise of 5.05% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 104 deals worth $5.71bn were announced for the region during Q3 2019, against the last four-quarter average of 99 deals.
Of all the deal types, M&A saw most activity in Q3 2019 with 64, representing a 61.5% share for the region.
In second place was venture financing with 23 deals, followed by private equity deals with 17 transactions, respectively capturing a 22.1% and 16.4% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in Europe’s tourism & leisure industry with $4.08bn, while private equity and venture financing deals totalled $891.25m and $742.83m, respectively.
Europe tourism & leisure industry deals in Q3 2019: Top deals
The top five tourism & leisure deals accounted for 79.1% of the overall value during Q3 2019.
The combined value of the top five tourism & leisure deals stood at $4.52bn, against the overall value of $5.71bn recorded for the quarter.
The top five tourism & leisure industry deals of Q3 2019 tracked by GlobalData were:
1) SAZKA Group’s $2.83bn acquisition of Greek Organization of Football Prognostics
2) The $596.06m asset transaction with Principal Real Estate by AXA Investment Managers – Real Assets
3) Daimler, European Investment Bank, General Atlantic, HV Holtzbrinck Ventures Adviser, Permira Holdings, Silver Lake Partners and TCMI’s $560.88m venture financing of FlixMobility
4) The $331.1m private equity deal with Six Nations Rugby by CVC Capital Partners SICAV-FIS
5) Covivio Hotels’ asset transaction with AXA Investment Managers – Real Assets for $199.25m.
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.