North America’s tourism & leisure industry sees a rise of 10.3% in deal activity in July 2019

21st August 2019 (Last Updated August 21st, 2019 15:06)

North America’s tourism & leisure industry sees a rise of 10.3% in deal activity in July 2019

North America’s tourism & leisure industry saw a rise of 10.3% in deal activity during July 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 43 tourism & leisure industry deals worth $2.57bn were announced for the region in July 2019, against the 12-month average of 39 deals.

Of all the deal types, M&A saw most activity in July 2019 with 30 transactions, representing a 69.8% share for the region.

In second place was venture financing with eight deals, followed by private equity deals with five transactions, respectively capturing an 18.6% and 11.6% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s tourism & leisure industry with $1.49bn, while venture financing and private equity deals totalled $583.8m and $503.4m, respectively.

North America tourism & leisure industry deals in July 2019: Top deals

The top five tourism & leisure deals accounted for 62.9% of the overall value during July 2019.

The combined value of the top five tourism & leisure deals stood at $1.62bn, against the overall value of $2.57bn recorded for the month.

The top five tourism & leisure industry deals of July 2019 tracked by GlobalData were:

1) Vail Resorts’ $463.6m acquisition of Peak Resorts

2) The $400m private equity deal with Ron Burkle and Sydell Group by Queensgate Investments

3) Sequoia Capital Operations’ $300m venture financing of Bird Rides

4) The $230m asset transaction with Eldorado Resorts by Twin River Worldwide Holdings

5) A-ROD, Atreides Capital, Fidelity National Information Services, Greenoaks Capital Management, Greylock Partners, iiNovia Capital, Real Ventures, ScaleUP Ventures, Spark Capital, Structure Capital, Tao Capital Partners, Valor Equity Partners and Westcap Mgt.’s venture financing of Sonder for $225m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.