North America’s tourism & leisure industry saw a rise of 15.7% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
A total of 140 deals worth $12.92bn were announced for the region during Q3 2019, against the last four-quarter average of 121 deals.
Of all the deal types, M&A saw most activity in Q3 2019 with 102, representing a 72.8% share for the region.
In second place was venture financing with 26 deals, followed by private equity deals with 12 transactions, respectively capturing an 18.6% and 8.6% share of the overall deal activity for the quarter.
In terms of value of deals, private equity was the leading category in North America’s tourism & leisure industry with $6.34bn, while M&A and venture financing deals totalled $5.84bn and $740.92m, respectively.
North America tourism & leisure industry deals in Q3 2019: Top deals
The top five tourism & leisure deals accounted for 73.8% of the overall value during Q3 2019.
The combined value of the top five tourism & leisure deals stood at $9.53bn, against the overall value of $12.92bn recorded for the quarter.
The top five tourism & leisure industry deals of Q3 2019 tracked by GlobalData were:
- Mirae Asset Global Investments’ $5.8bn private equity deal with Anbang Insurance Group
- The $2.35bn acquisition of NBA Media Ventures by Joseph Tsai
- Imperial Companies’ $516.3m asset transaction with Caesars Entertainment
- The $463.6m acquisition of Peak Resorts by Vail Resorts
- Queensgate Investments’s private equity deal with Sydell Group and The Yucaipa Companies for $400m.