A total of 57 Equity Offering deals (pending and completed) were announced in the Global Travel and Tourism sector, in the last twelve months resulting in a total deal value of over $13,792.1 million. In the LTM period, June 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $5,211.0 million, resulting in an average deal value of $473.7 million during that month. On the other hand, the month of June 2021 was the most prolific in terms of deal volume, recording a total of 11 deals, resulting in an average deal value of $473.7 million during that month.
Of the 57 deals, the deal secured between Mudrick Capital Management, L.P. and AMC Entertainment Holdings, Inc., was the largest Equity Offering deal in the Global Travel and Tourism sector, which was valued at $230.5 million and was completed on June 1, 2021. The second-largest deal was between Inter American Investment Corp and Management Hotelero Pinero SL, while the third-largest deal was between Mwendo Holdings B.V and BetKing. The Inter American Investment Corp-Management Hotelero Pinero SL deal and the Mwendo Holdings B.V-BetKing deal were valued at $120.0 million and $100.0 million, respectively. The fourth-largest deal was between AK Holdings, Inc-JEJU AIR Co., Ltd. valued at $77.3 million, whereas the deal between Rare Enterprises-Akasa Air valued at $46.6 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $574.4 million and accounted for nearly 4.16% of the total deals (by value) announced during the last twelve months. By region, Asia-Pacific accounted for 54.61% of the total Equity Offering deals done globally, and recorded a total deal value of $7,412.1 million, which accounted for 42.59% of the total deal size on a global scale.
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