Tourism and leisure private equity deals hit $7.72bn globally in Q3 2019: Report

The value marked a decrease of 14.2% over the previous quarter

GlobalData explained that the top five largest private equity deals accounted for 93.5% of the entire Q3 figure
GlobalData explained that the top five largest private equity deals accounted for 93.5% of the entire Q3 figure

Tourism and leisure industry private equity deals managed US$7.72 billion globally in Q3 2019 according to a report from GlobalData.

The figure marks a 14.2% decrease compared to the same figure in Q2 2019. However there was a rise of 104.7% when compared to the last four-quarter average, which was $3.77 billion.

Continentally, North Aamerica topped the list with its tourism and leisure private equality deals in the quarter equating to $6.34 billion, all of which was thanks to the US. 

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By volume, Europe had the most private equity deals in the quarter, with the UK alone closing five and France closing three. The US in the quarter had 11 deals.

GlobalData explained that the top five largest private equity deals accounted for 93.5% of the entire Q3 figure. Combined, the top five deals brought in $7.22 billion of the overall $7.72 billion.

These top five deals were Mirae Asset Global Investments’ $5.8bn private equity deal with Anbang Insurance Group; the $489m private equity deal with Dream Cruises Holding by Ontario Teachers’ Pension Plan, TPG Capital Asia and TPG Growth Queensgate Investments’s $400m private equity deal with Sydell; Queensgate Investments’s $400m private equity deal with Sydell Group and the Yucaipa Companies; the $331.1m private equity deal with Six Nations Rugby by CVC Capital Partners SICAV-FIS; and the Blackstone Real Estate Partners Europe’s private equity deal with Louis Group for $197.3m.

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