Total tourism & leisure industry cross border deals worth $1.4bn were announced globally for June 2021, with the $650m venture financing of FlixMobility being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 56.8% over the previous month of $3.33bn and a drop of 31.1% when compared with the last 12-month average of $2.09bn.
In terms of number of cross border deals, the sector saw a rise of 41.18% with 24 deals in June 2021 when compared to the last 12-month average of 17 deals.
In value terms, Europe led the activity with cross border deals worth $983.2m in June 2021.
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By GlobalDataTourism & Leisure industry cross border deals in June 2021: Top deals
The top five cross border deals accounted for 88.8% of the overall value during June 2021.
The combined value of the top five cross border deals stood at $1.28bn, against the overall value of $1.4bn recorded for the month.
The top five tourism & leisure industry cross border deals of June 2021 tracked by GlobalData were:
1) Baillie Gifford, BlackRock, Canyon Partners, General Atlantic, HV Capital Adviser, Permira Holdings, Silver Lake Partners and TCMI’s $650m venture financing of FlixMobility
2) The $215.96m private equity deal for 33.96% stake with Atletico HoldCo by Ares Management
3) Mwendo Holdings’ $181.5m acquisition of 21.4% stake in BetKing
4) The $138.61m venture financing deal of BUSER BRASIL TECNOLOGIA by Canary Fund – Brazil, Globo Ventures, Iporanga Ventures, Lightrock, Monashees, SoftBank and Valor Capital Group
5) Claret Capital Partners, HV Capital Adviser, INKEF Capital, Partech Partners, Rocket Internet, RTP Global – UK and SevenGrowth’s venture financing deal with Urban Sports for $95.23m.