In terms of value of deals, M&A was the leading category in North America’s tourism & leisure industry with $4.98bn, while private equity and venture financing deals totalled $379.87m and $150.22m, respectively.
North America’s tourism & leisure industry saw a drop of 45.4% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
A total of 59 deals worth $5.51bn were announced for the region during Q3 2020, against the last four-quarter average of 108 deals.
Of all the deal types, M&A saw most activity in Q3 2020 with 39, representing a 66.1% share for the region.
In second place was venture financing with 13 deals, followed by private equity deals with seven transactions, respectively capturing a 22.03% and 11.9% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in North America’s tourism & leisure industry with $4.98bn, while private equity and venture financing deals totalled $379.87m and $150.22m, respectively.
North America tourism & leisure industry deals in Q3 2020: Top deals
The top five tourism & leisure deals accounted for 92.4% of the overall value during Q3 2020.
The combined value of the top five tourism & leisure deals stood at $5.08bn, against the overall value of $5.51bn recorded for the quarter.
The top five tourism & leisure industry deals of Q3 2020 tracked by GlobalData were:
- Highgate Hotels’ $2.8bn asset transaction with Colony Capital
- The $1.78bn merger of DMY Technology Group and Rush Street Interactive by
- Global Emerging Markets’ $200m private equity deal with Surf Air
- The $193.78m acquisition of Travel & Transport by Corporate Travel Management
- L Catterton, Mayfield Fund, Michelle Wie, Mousse Partners, Paul George, Rudy Gay, Sapphire Sport, Shasta Ventures Management, – Stephen Curry and Transformational Healthcare Venture Capital’s venture financing of Tonal Systems for $110m.
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
