Total tourism & leisure industry cross border venture financing deals worth $1.5bn were announced globally in Q2 2021, led by $650m venture financing of FlixMobility, according to GlobalData’s deals database.
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The value marked an increase of 421.4% over the previous quarter and a rise of 509.4% when compared with the last four-quarter average, which stood at $242.88m.
Comparing cross border deals value in different regions of the globe, Europe held the top position, with total announced deals worth $1bn in the period. At the country level, the Germany topped the list in terms of deal value at $745.23m.
In terms of volumes, Europe emerged as the top region for tourism & leisure industry cross border venture financing deals globally, followed by Asia-Pacific and then North America.
The top country in terms of cross border venture financing deals activity in Q2 2021 was the France with three deals, followed by Germany with three and India with three.
In 2021, at the end of , cross border venture financing deals worth $1.5bn were announced globally in tourism & leisure industry, marking a decrease of 243.1% year on year.
Cross Border venture financing deals in tourism & leisure industry in Q2 2021: Top deals
The top five cross border venture financing deals in tourism & leisure industry accounted for 79.9% of the overall value during Q2 2021.
The combined value of the top five cross border venture financing deals stood at $1.18bn, against the overall value of $1.5bn recorded for the quarter.
The top five tourism & leisure industry cross border venture financing deals of Q2 2021 tracked by GlobalData were:
1) Baillie Gifford, BlackRock, Canyon Partners, General Atlantic, HV Capital Adviser, Permira Holdings, Silver Lake Partners and TCMI’s $650m venture financing of FlixMobility
2) The $176.9m venture financing of Cityneon by Doha Venture Capital, EDBI, Pavilion Capital, Ron Tan and Seatown Holdings International
3) Canary Fund – Brazil, Globo Ventures, Iporanga Ventures, Lightrock, Monashees, SoftBank and Valor Capital Group’s $138.61m venture financing of BUSER BRASIL TECNOLOGIA
4) The $115m venture financing of Comuto by FMZ Ventures, Otiva and VNV Global
5) Alpha Wave Investors, Falcon Edge Capital, Matrix Partners India, Moraine Master, Redwood Trust, SCI Investments V and Sequoia Capital’ venture financing of Stanza Living for $100m.
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.