Total tourism & leisure industry M&A deals in Q3 2019 worth $27.27m were announced in the UK, according to GlobalData’s deals database.
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The value marked a decrease of 99.2% over the previous quarter and a drop of 98.7% when compared with the last four-quarter average of $2.05bn.
The UK held a 0.2% share of the global tourism & leisure industry M&A deal value that totalled $13.9bn in Q3 2019.
In terms of deal activity, the UK recorded 26 deals during Q3 2019, marking a drop of 7.1% over the previous quarter and a drop of 7.1% over the last four-quarter average.
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By GlobalDataThe UK tourism & leisure industry M&A deals in Q3 2019: Top deals
The top five tourism & leisure industry M&A deals accounted for 45.2% of the overall value during Q3 2019.
The combined value of the top five tourism & leisure M&A deals stood at $12.32m, against the overall value of $27.27m recorded for the month.
The top five tourism & leisure industry deals of Q3 2019 tracked by GlobalData were:
1) The $3.92m asset transaction with Best Western Glasgow City Hotel by Safestay
2) The $3.12m asset transaction with Crerar Hotel Group by Strathmore Hotels
3) The $2.67m asset transaction with mybettingsites.co.uk by Better Collective
4) The $2.5m acquisition of maxfreebets.co.uk by Net Gaming Europe
5) Hilton Smythe Group’s asset transaction with Durham Tees Valley Airport for $0.1m.
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.