Transactions that move the retail, consumer and leisure industries

PwC Consumer Markets M&A Deals newsletter October 2024

PwC Consumer Markets M&A Deals nieuwsbrief October 2024
  • Publication
  • 08 Nov 2024

As autumn descends upon Europe, its peak travel season draws to a close, allowing the travel industry to reflect on a positive trajectory. Year over year, European travel interest and activity continue to rise post-COVID. The industry is navigating a ‘new normal’, shaped by travelers' concerns over rising costs,  unpredictable weather, and an increase in  travelers' sustainability consciousness.

Also, popular destinations face challenges managing the influx of tourists and local dissent, placing policymakers at the crossroads of balancing resident interests with the economic benefits of tourism. Notably, the travel and accommodation sectors have seen an uptick in deal activity. In the first three quarters of 2024, the sectors completed 155 deals, surpassing the total deals in 2023, which stood at 128. This dynamic landscape presents both challenges and opportunities, as the industry strives to adapt and thrive in evolving market conditions. 

For M&A, deal activity in September involved 102 deals in total; that’s an increase of eight deals year on year. A couple of the notable ones are:

  • Flutter Entertainment acquiring a 56 per cent stake in Nex Services Ltda
  • The acquisition of a fifthy per cent stake in Manneken Pis BV by Standard Investment BV
  • A 75 per cent stake acquisition of TOPSHOP/TOPMAN Ltd by Heartland A/S

Read more in the October edition of our newsletter.

Contact

Wilmer Kloosterziel

Wilmer Kloosterziel

Partner, PwC Netherlands

Tel: +31 (0)61 386 40 62

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