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  1. Deals Analysis
March 21, 2019updated 22 Mar 2019 5:36am

US tourism & leisure industry sees a rise of 5.6% in deal activity in February 2019

By Carmen

The US tourism & leisure industry saw a rise of 5.6% in overall deal activity during February 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 38 deals worth $1.61bn were announced in February 2019, compared to the 12-month average of 36 deals.

M&A was the leading category in the month in terms of volume with 24 deals which accounted for 63.2% of all deals.

In second place was venture financing with 12 deals, followed by private equity with two transactions, respectively accounting for 31.6% and 5.3% 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 $1.02bn, while venture financing and private equity deals totalled $590.4m.

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

The top five tourism & leisure industry deals accounted for 80.5% of the overall value during February 2019.

The combined value of the top five tourism & leisure industry deals stood at $1.29bn, against the overall value of $1.61bn recorded for the month. The top announced the United States tourism & leisure industry deal tracked by GlobalData in February 2019 was Host Hotels & Resorts’ $610m asset transaction with 1 Hotel South Beach.

In second place was the $530m venture financing of Aurora Innovation by Amazon.com, Geodesic, Greylock Partners, Index Ventures, Lightspeed Management Company, Reinvent Capital, Sequoia Capital Operations, Shell Ventures and T. Rowe Price Associates and in third place was Bilgili Holding, Deutsche Finance America and SHVO’s $103m asset transaction with Dogus Holding and Tommy Hilfiger.

The $40m venture financing of Zum Services by BMW i Ventures, ClearVision Equity Partners, Draper Nexus Venture Partners, NGP Capital, Sequoia Capital Operations, Spark Capital Partners and Volvo Cars Tech Fund and Amicus Capital, GV Management Co and Pierre Lamond’s venture financing of 2nd Address for $10m 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.

Verdict makes every effort to ensure the accuracy of its deals information. If you spot a mistake, or would like to notify us of a deal which should be included in this analysis, please email us at deals@globaldata.com

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.

 

Related Companies

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.

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