Europe’s tourism & leisure industry sees a drop of 53.1% in deal activity in Q2 2020

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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.

Porto Carras.
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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.