Entain’s $944.32m acquisition deal for 75% stake in SuperSport was the tourism & leisure industry’s biggest cross border deal of Q3 2022 as cross border deals worth $6bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 2.9% over the previous quarter and a drop of 65.9% when compared with the last four-quarter average of $17.61bn.
In terms of number of cross border deals, the sector saw a drop of 50.88% with 49 deals in Q3 2022 against the average of 99.75 deals in the last four-quarters.
In value terms, Europe led the activity with cross border deals worth $5.45bn.
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By GlobalDatatourism & leisure industry cross border deals in Q3 2022: Top deals
The top five tourism & leisure industry cross border deals accounted for 40.8% of the overall value during Q3 2022.
The combined value of the top five cross border deals stood at $2.45bn, against the overall value of $6bn recorded for the quarter.
The top five tourism & leisure industry cross border deals of Q3 2022 tracked by GlobalData were:
1) Entain’s $944.32m acquisition deal for 75% stake in SuperSport
2) The $900m private equity deal with Aman Group by Cain International and The Saudi Public Investment Fund
3) Allianz Global Investors, BlackRock Capital Investment, Indonesia Investment Authority and Orion Capital Asia’s $300m venture financing deal with PT Traveloka Indonesia
4) The $168.01m asset transaction deal with Dunas Capital and KKR by Fattal Group
5) Henderson Park Capital Partners UK’s $139m private equity deal with Mandarin Oriental International