The US tourism & leisure industry saw a drop of 7.7% in overall deal activity during September 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 36 deals worth $7.12bn were announced in September 2019, compared to the 12-month average of 39 deals.
M&A was the leading category in the month in terms of volume with 26 deals which accounted for 72.2% of all deals.
In second place was venture financing with eight deals, followed by private equity with two transactions, respectively accounting for 22.2% and 5.6% of overall deal activity in the country’s tourism & leisure industry during the month.
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By GlobalDataIn terms of value of deals, private equity was the leading deal category in the US tourism & leisure industry with total deals worth $5.8bn, while M&A and venture financing deals totalled $1.23bn and $85.35m, respectively.
US tourism & leisure industry deals in September 2019: Top deals
The top five tourism & leisure industry deals accounted for 92.3% of the overall value during September 2019.
The combined value of the top five tourism & leisure deals stood at $6.57bn, against the overall value of $7.12bn recorded for the month.
The top five tourism & leisure industry deals of September 2019 tracked by GlobalData were:
1) Mirae Asset Global Investments’ $5.8bn private equity deal with Anbang Insurance Group
2) The $516.3m asset transaction with Caesars Entertainment by Imperial Companies
3) Kinepolis Group’s $152.25m acquisition of MJR Theatres
4) The $63.5m asset transaction with Hilton Worldwide Holdings by Suffolk University
5) Miami Southern Hotels’ asset transaction with Stambul USA for $37m.
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.