North America’s tourism & leisure industry saw a drop of 4.35% in deal activity during April 2021, when compared with the last 12-month average, led by Arctos Sports Partners’ $5.5bn acquisition of The Golden State Warriors, according to GlobalData’s deals database.
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A total of 22 tourism & leisure industry deals worth $8.3bn were announced for the region in April 2021, against the 12-month average of 23 deals.
Of all the deal types, M&A saw most activity in April 2021 with 18 transactions, representing an 81.8% share for the region.
In second place was venture financing with three deals, followed by private equity deals with one transactions, respectively capturing a 13.6% and 4.6% share of the overall deal activity for the month.
In terms of value of deals, private equity was the leading category in North America’s tourism & leisure industry with $5.5bn, while M&A and venture financing deals totalled $2.74bn and $6m, respectively.
North America tourism & leisure industry deals in April 2021: Top deals
The top five tourism & leisure deals accounted for 99.7% of the overall value during April 2021.
The combined value of the top five tourism & leisure deals stood at $8.22bn, against the overall value of $8.3bn recorded for the month.
The top five tourism & leisure industry deals of April 2021 tracked by GlobalData were:
1) Arctos Sports Partners’ $5.5bn private equity deal for 5% stake with The Golden State Warriors
2) The $1.5bn acquisition deal with Minnesota Lynx and Minnesota Timberwolves Basketball by Alex Rodriguez and Marc Lore
3) The $650m merger of Gores Metropoulos II and Sonder
4) The $308m asset transaction with Gaming and Leisure Properties by Bally’s
5) Sunstone Hotel Investors’ $265m asset transaction for Montage Healdsburg Resort.
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.