Europe’s tourism & leisure industry witnesses decline of 53.1% in overall deal activity during Q2 2020

Europe’s tourism & leisure industry witnesses decline of 53.1% in overall deal activity during Q2 2020

Published on : Monday, August 17, 2020

Europe’s tourism & leisure industry witnessed a slump of 53.1% in overall deal activity during Q2 this year, as compared to the four-quarter average.
A total of 53 deals worth $2.81bn were announced for the region during Q2, against the last four-quarter average of 113 deals.

Of all deal types, M&A saw most activity in Q2 this year with 35, representing a 66.04% share for the region.

Venture financing was in second place with 12 deals, followed by private equity deals with six transactions, respectively, grabbing 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, whereas private equity and venture financing deals totalled $128.67m and $42.26m, respectively.
The top five tourism & leisure industry deals of Q2 2020 according to

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

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Tags: Europe