US tourism & leisure industry sees a drop of 38.2% in deal activity in June 2020

24th July 2020 (Last Updated July 24th, 2020 14:15)

US tourism & leisure industry sees a drop of 38.2% in deal activity in June 2020

The US tourism & leisure industry saw a drop of 38.2% in overall deal activity during June 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 21 deals worth $363m were announced in June 2020, compared to the 12-month average of 34 deals.

M&A was the leading category in the month in terms of volume with 16 deals which accounted for 76.2% of all deals.

In second place was venture financing with four deals, followed by private equity with one transactions, respectively accounting for 19.05% and 4.8% 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 $190m, followed by private equity deals totalled $173m.

US tourism & leisure industry deals in June 2020: Top deals

The top three tourism & leisure industry deals accounted for 99.1% of the overall value during June 2020.

The combined value of the top three tourism & leisure deals stood at $360m, against the overall value of $363m recorded for the month.

The top three tourism & leisure industry deals of June 2020 tracked by GlobalData were:

1) Atreides Management, Fidelity Investments, Greenoaks Capital Management, Greylock Partners, iNovia Capital, Lennar, Spark Capital, Tao Capital Partners, Valor Equity Management and Westcap Mgt.’s $170m venture financing of sonder

2) The $110m asset transaction with by GFI Capital Resources Group

3) TRT Gym Asset Holdings’ $80m acquisition of Gold’s Gym International

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.