Europe’s tourism & leisure industry saw a drop of 20.69% in deal activity during November 2022, when compared with the last 12-month average, led by GBO’s $321.19m acquisition of BetFlag, according to GlobalData’s deals database.
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A total of 23 tourism & leisure industry deals worth $368.6m were announced for the region in November 2022, against the 12-month average of 29 deals.
Of all the deal types, M&A saw most activity in November 2022 with 17 transactions, representing a 73.9% share for the region.
In second place was venture financing with four deals, followed by private equity deals with two transactions, respectively capturing a 17.4% and 8.7% share of the overall deal activity for the month.
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By GlobalDataIn terms of value of deals, M&A was the leading category in Europe’s tourism & leisure industry with $321.19m, followed by venture financing deals totalled $47.39m.
Europe tourism & leisure industry deals in November 2022: Top deals
The top three tourism & leisure deals accounted for 99.9% of the overall value during November 2022.
The combined value of the top three tourism & leisure deals stood at $368.17m, against the overall value of $368.6m recorded for the month.
The top three tourism & leisure industry deals of November 2022 tracked by GlobalData were:
1) GBO’s $321.19m acquisition deal with BetFlag
2) The $44.91m venture financing of Limehome by AW Rostamani, Capital Four Management Fondsmaeglerselskab, HVCapital, Lakestar Ventures and Picus Capital
3) Alexander Willemsen and Sam Rohn’s $2.07m venture financing deal with sneleentaxi