A total of 19 Equity Offering deals (pending and completed) were announced in the Travel and Tourism of the Europe region, in the last twelve months resulting in a total deal value of over $4,012.0 million. In the LTM period, September 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $1,377.0 million, resulting in an average deal value of $1,377.0 million during that month. On the other hand, the month of May 2021 was the most prolific in terms of deal volume, recording a total of 4 deals, resulting in an average deal value of $234.1 million during that month.
Of the 19 deals, the deal secured between Inter American Investment Corp and Management Hotelero Pinero SL, was the largest Equity Offering deal in the Europe Travel and Tourism sector, which was valued at $120.0 million and was completed on January 17, 2022. The second-largest deal was between SKYCITY Entertainment Group Ltd and Gaming Innovation Group plc, while the third-largest deal was between American Airlines Group Inc and Vertical Aerospace Ltd. The SKYCITY Entertainment Group Ltd-Gaming Innovation Group plc deal and the American Airlines Group Inc-Vertical Aerospace Ltd deal were valued at $28.1 million and $25.0 million, respectively. The fourth-largest deal was between Strategic Value Partners LLC-Hyve Group Plc valued at $19.2 million, whereas the deal between Stena Line-Sembo AB valued at $12.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $204.3 million and accounted for nearly 5.09% of the total deals (by value) announced during the last twelve months. The Europe region accounted for 17.81% of the total Equity Offering deals done globally, and accounted for 8.97% of the total deal size on a global scale.
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