Europe’s tourism & leisure industry saw a drop of 53.1% in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
A total of 53 deals worth $2.81bn were announced for the region during Q2 2020, against the last four-quarter average of 113 deals.
Of all the deal types, M&A saw most activity in Q2 2020 with 35, representing a 66.04% share for the region.
In second place was venture financing with 12 deals, followed by private equity deals with six transactions, respectively capturing a 22.6% and 11.3% 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 $2.64bn, while private equity and venture financing deals totalled $128.67m and $42.26m, respectively.
Europe tourism & leisure industry deals in Q2 2020: Top deals
The top five tourism & leisure deals accounted for 95.6% of the overall value during Q2 2020.
The combined value of the top five tourism & leisure deals stood at $2.69bn, against the overall value of $2.81bn recorded for the quarter.
The top five tourism & leisure industry deals of Q2 2020 tracked by GlobalData were:
- Evolution Gaming Group’s $2.32bn acquisition of NetEnt
- The $224.57m acquisition of Porto Carras by Belterra Investments
- TowerBrook Capital Partners’ $108.67m private equity deal with CarTrawler
- The $20m private equity deal with Playa Hotels & Resorts by Davidson Kempner Capital Management
- Atream’s asset transaction with PATRIZIA for $18.48m.