Tourism & leisure industry private equity deals in Q1 2019 total $2.89bn globally

1st May 2019 (Last Updated May 1st, 2019 06:20)
Tourism & leisure industry private equity deals in Q1 2019 total $2.89bn globally

Total tourism & leisure industry private equity deals in Q1 2019 worth $2.89bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 36.3% over the previous quarter and a drop of 39.1% when compared with the last four-quarter average, which stood at $4.75bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.81bn. At the country level, the UK topped the list in terms of deal value at $1.34bn.

In terms of volumes, Europe emerged as the top region for tourism & leisure industry private equity deals globally, followed by North America and then Asia-Pacific.

The top country in terms of private equity deals activity in Q1 2019 was the US with 11 deals, followed by the UK with four and Spain with two.

In 2019, as of the end of Q1 2019, tourism & leisure private equity deals worth $2.89bn were announced globally, marking a decrease of 67.8% year on year.

Tourism & leisure industry private equity deals in Q1 2019: Top deals

The top five tourism & leisure industry private equity deals accounted for 93.1% of the overall value during Q1 2019.

The combined value of the top five tourism & leisure industry private equity deals stood at $2.69bn, against the overall value of $2.89bn recorded for the quarter. The top announced tourism & leisure industry private equity deal tracked by GlobalData in Q1 2019 was Queensgate Investments’s $1.33bn private equity deal with Grange Hotels.

In second place was the $572.36m private equity deal with Leela Palaces and Resorts by BSREP 111 India Ballet and in third place was Elliott Management and GFI Capital Resources Group’s $420m private equity deal with Jack Parker Construction.

The $225.93m private equity deal with ASL Aviation Group by STAR Capital Partners and Swisscanto Growth Fund’s private equity deal with GetYourGuide for $149.95m held fourth and fifth positions, respectively.

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.