UK: Tourism and leisure industry Merger and Acquisition deals in Q3 2019 total $27.27m

Total tourism & leisure industry M&A deals in Q3 2019 worth $27.27m were announced in the UK, according to GlobalData’s deals database.

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.

The 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. https://www.globaldata.com/
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