North America’s tourism & leisure industry sees a rise of 15.7% in deal activity in Q3 2019


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.Related image

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:

  1. Mirae Asset Global Investments’ $5.8bn private equity deal with Anbang Insurance Group
  2. The $2.35bn acquisition of NBA Media Ventures by Joseph Tsai
  3. Imperial Companies’ $516.3m asset transaction with Caesars Entertainment
  4. The $463.6m acquisition of Peak Resorts by Vail Resorts
  5. Queensgate Investments’s private equity deal with Sydell Group and The Yucaipa Companies for $400m.

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