US tourism & leisure industry sees a rise of 7.9% in deal activity in August 2019

20th September 2019 (Last Updated September 20th, 2019 08:26)

US tourism & leisure industry sees a rise of 7.9% in deal activity in August 2019

The US tourism & leisure industry saw a rise of 7.9% in overall deal activity during August 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 41 deals worth $2.88bn were announced in August 2019, compared to the 12-month average of 38 deals.

M&A was the leading category in the month in terms of volume with 29 deals which accounted for 70.7% of all deals.

In second place was venture financing with seven deals, followed by private equity with five transactions, respectively accounting for 17.1% and 12.2% of overall deal activity in the country’s tourism & leisure industry during the month.

In terms of value of deals, M&A was the leading deal category in the US tourism & leisure industry with total deals worth $2.76bn, while venture financing and private equity deals totalled $80.77m and $35m, respectively.

US tourism & leisure industry deals in August 2019: Top deals

The top five tourism & leisure industry deals accounted for 92.1% of the overall value during August 2019.

The combined value of the top five tourism & leisure deals stood at $2.65bn, against the overall value of $2.88bn recorded for the month.

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

1) Joseph Tsai’s $2.35bn acquisition of NBA Media Ventures

2) The $100m acquisition of Grand River Jackpot by Accel Entertainment Gaming

3) Bilgili Holding, Deutsche Finance America and SHVO’s $87.85m asset transaction with Allan Herbert and Patti Herbert

4) The $60m venture financing of Scoop Technologies by Activate Capital Partners, BNP Paribas, G2VP, Index Ventures, NGP Capital, Signia Venture Partners, Total Ventures and Workday Ventures

5) Bilgili Holding, Deutsche Finance America and SHVO’s asset transaction with Majestic Hotel SPA for $52m.

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.