Tourism & leisure industry venture financing deals in Q1 2019 total $2.48bn globally

30th April 2019 (Last Updated April 30th, 2019 05:33)
Tourism & leisure industry venture financing deals in Q1 2019 total $2.48bn globally

Total tourism & leisure industry venture financing deals in Q1 2019 worth $2.48bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 306.5% over the previous quarter and a rise of 154.3% when compared with the last four-quarter average, which stood at $983.4m.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.85bn. At the country level, Singapore topped the list in terms of deal value at $1.46bn.

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

The top country in terms of venture financing deals activity in Q1 2019 was the US with 34 deals, followed by India with 12 and China with 11.

In 2019, as of the end of Q1 2019, tourism & leisure venture financing deals worth $2.48bn were announced globally, marking an increase of 305.8% year on year.

Tourism & leisure industry venture financing deals in Q1 2019: Top deals

The top five tourism & leisure industry venture financing deals accounted for 79.8% of the overall value during Q1 2019.

The combined value of the top five tourism & leisure industry venture financing deals stood at $1.98bn, against the overall value of $2.48bn recorded for the quarter. The top announced tourism & leisure industry venture financing deal tracked by GlobalData in Q1 2019 was Hyundai Motor Group, Microsoft, OppenheimerFunds, Ping An Capital, Booking Holdings, SoftBank Vision Fund, Toyota Motor and Yamaha Motor’s $1.46bn venture financing of GrabTaxi Holdings.

In second place was the $300m venture financing of Bird Rides by Accel, Charles River Ventures, Craft Ventures, Fidelity Investments, Greycroft Partners, Index Ventures, Tusk Ventures and Upfront Ventures and in third place was Sachin Bansal’s $92m venture financing of ANI Technologies.

The $74m venture financing of ANI Technologies by Steadview Capital Mauritius and Matrix Partners India and Tiger Global Management’s venture financing of Ola Electric Mobility for $56.33m 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.