Total tourism & leisure industry deals for June 2019 worth $31.06bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 312.3% over the previous month and a rise of 540.3% when compared with the last 12-month average of $4.85bn.
In terms of number of deals, the sector saw a rise of 31.4% over the last 12-month average with 134 deals against the average of 102 deals.
In value terms, North America led the activity with deals worth $18.56bn.
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By GlobalDataTourism & leisure industry deals in June 2019: Top deals
The top five tourism & leisure deals accounted for 91.3% of the overall value during June 2019.
The combined value of the top five tourism & leisure deals stood at $28.36bn, against the overall value of $31.06bn recorded for the month. The top announced tourism & leisure deal tracked by GlobalData in June 2019 was Eldorado Resorts’ $17.3bn acquisition of Caesars Entertainment.
In second place was the $7.56bn private equity deal with Merlin Entertainments by Canada Pension Plan Investment Board, KIRKBI Invest and The Blackstone Group and in third place was Agapier Investments’ $2.83bn stake acquisition of Millennium & Copthorne Hotels.
The $375m acquisition of ICR Cyprus by Melco Resorts & Entertainment and Invesco‘s venture financing of GrabTaxi Holdings for $300m held fourth and fifth positions, respectively.
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.