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Europe’s tourism & leisure industry sees a rise of 5.05% in deal activity in Q3 2019

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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.

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.

In 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.