A total of 37 Private Equity/Venture Financing deals (pending and completed) were announced in the Global Travel and Tourism sector driven by Digital Media, in the last twelve months resulting in a total deal value of over $3,191.9 million. In the LTM period, September 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $35.0 million, resulting in an average deal value of $458.9 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 6 deals being made, with average deal value of $19.1 million during that month.
Of the 37 deals, the deal secured between Cascade Investment LLC and Four Seasons Hotels and Resorts, was the largest Private Equity/Venture Financing deal in the Global Travel and Tourism sector driven by Digital Media, which was valued at $2,210.0 million and was completed on September 8, 2021. The second-largest deal was between Cannae Holdings Inc; Genting Group; Point Break Capital Management, LLC; Walter Kortschak and Sightline Payments LLC, while the third-largest deal was between BMW i Ventures Inc; Sequoia Capital US; SoftBank Vision Fund 2 and Zum Services Inc. The Cannae Holdings Inc; Genting Group; Point Break Capital Management, LLC; Walter Kortschak-Sightline Payments LLC deal and the BMW i Ventures Inc; Sequoia Capital US; SoftBank Vision Fund 2-Zum Services Inc deal were valued at $244.0 million and $130.0 million, respectively. The fourth-largest deal was between AustralianSuper Pty Ltd; Bailador Technology Investments Limited; BlackRock Inc; Ellerston Capital Limited; Equity Venture Partners; Pendal Group Ltd; TCMI Inc; Washington H Soul Pattinson and Co Ltd-SiteMinder valued at $73.6 million, whereas the deal between Cherry Ventures GmbH; DN Capital; Headline Ventures; Kreos Capital Group Ltd; Scope Hanson; Soravia Group; TruVenturo GmbH-numa group GmbH valued at $45.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $2,702.6 million and accounted for nearly 84.67% of the total deals (by value) announced during the last twelve months. By region, North America accounted for 87.04% of the total Private Equity/Venture Financing deals done globally, and recorded a total deal value of $2,754.8 million, which accounted for 45.71% of the total deal size on a global scale.
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