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.