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  1. Deals Analysis
June 25, 2019

North America’s tourism & leisure industry sees a rise of 5.1% in deal activity in May 2019

North America’s tourism & leisure industry saw a rise of 5.1% in deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 41 tourism & leisure industry deals worth $2.98bn were announced for the region in May 2019, against the 12-month average of 39 deals.

Of all the deal types, venture financing saw most activity in May 2019 with 20 transactions, representing a 48.8% share for the region.

In second place was M&A with 17 deals, followed by private equity deals with four transactions, respectively capturing a 41.5% and 9.8% 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 $2.64bn, followed by venture financing deals worth $334.94m.

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

The top five tourism & leisure deals accounted for 92.8% of the overall value during May 2019.

The combined value of the top five tourism & leisure deals stood at $2.76bn, against the overall value of $2.98bn recorded for the month. The top announced tourism & leisure deal tracked by GlobalData in May 2019 was NASCAR Media Group’s $2bn acquisition of International Speedway.

In second place was the $438.6m acquisition of Transat A.T. by Air Canada and in third place was Access Industries , Kreos Capital Group , Len Blavatnik , MCI Capital and Volkswagen ‘s $200m venture financing of Gett .

The $73.64m asset transaction with Mountain Park Lodges by Viad and DN Capital (UK), HV Holtzbrinck Ventures Adviser , Sequoia Capital Operations and Spark Capital’s venture financing of Tourlane for $47m held fourth and fifth positions, respectively.

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.

 

Related Companies

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.

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