Tourism & leisure industry venture financing deals in Q4 2019 total $2.32bn globally

21st February 2020 (Last Updated February 25th, 2020 05:17)

Tourism & leisure industry venture financing deals in Q4 2019 total $2.32bn globally

Total tourism & leisure industry venture financing deals in Q4 2019 worth $2.32bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 10.6% over the previous quarter and a rise of 17.9% when compared with the last four-quarter average, which stood at $1.97bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.8bn. At the country level, India topped the list in terms of deal value at $1.68bn.

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

The top country in terms of venture financing deals activity in Q4 2019 was the US with 26 deals, followed by China with 18 and India with 16.

In 2019, as of the end of Q4 2019, tourism & leisure venture financing deals worth $9.62bn were announced globally, marking an increase of 147.6% year on year.

Tourism & leisure industry venture financing deals in Q4 2019: Top deals

The top five tourism & leisure industry venture financing deals accounted for 84.6% of the overall value during Q4 2019.

The combined value of the top five tourism & leisure venture financing deals stood at $1.96bn, against the overall value of $2.32bn recorded for the month.

The top five tourism & leisure industry deals of Q4 2019 tracked by GlobalData were:

1) Lightspeed Venture Partners, Ritesh Agarwal, Sequoia India and SoftBank Vision Fund’s $1.5bn venture financing of Oravel Stays

2) The $319m venture financing of Vacasa by Level Equity Management, NewSpring Capital, Riverwood Capital and Silver Lake Partners

3) BAce Capital, Integrated Capital, Konark Trust, Nexus Partners, Sabre Investment, Skycatcher and Westbridge Capital’s $55m venture financing of Roppen Transportation Services

4) The $49.3m venture financing of Happyeasygo India by 10 Fund, CVCapital, Korea Investment Partners, M&S Partners, Samsung Venture Investment, UOB Venture Management and Zero2IPO Ventures

5) Mirai Creation Fund II, Moving Capital and Toyota Tsusho’s venture financing of Super Highway Labs for $38.5m.

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.