North America’s tourism & leisure industry saw a rise of 15.7% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 140 deals worth $12.92bn were announced for the region during Q3 2019, against the last four-quarter average of 121 deals.
Of all the deal types, M&A saw most activity in Q3 2019 with 102, representing a 72.8% share for the region.
In second place was venture financing with 26 deals, followed by private equity deals with 12 transactions, respectively capturing an 18.6% and 8.6% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, private equity was the leading category in North America’s tourism & leisure industry with $6.34bn, while M&A and venture financing deals totalled $5.84bn and $740.92m, respectively.
North America tourism & leisure industry deals in Q3 2019: Top deals
The top five tourism & leisure deals accounted for 73.8% of the overall value during Q3 2019.
The combined value of the top five tourism & leisure deals stood at $9.53bn, against the overall value of $12.92bn recorded for the quarter.
The top five tourism & leisure industry deals of Q3 2019 tracked by GlobalData were:
1) Mirae Asset Global Investments’ $5.8bn private equity deal with Anbang Insurance Group
2) The $2.35bn acquisition of NBA Media Ventures by Joseph Tsai
3) Imperial Companies’ $516.3m asset transaction with Caesars Entertainment
4) The $463.6m acquisition of Peak Resorts by Vail Resorts
5) Queensgate Investments’s private equity deal with Sydell Group and The Yucaipa Companies for $400m.
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.