A total of 34 Private Equity/Venture Financing deals (pending and completed) were announced in the Global Travel and Tourism sector driven by Digitalization, in the last twelve months resulting in a total deal value of over $2,237.2 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 $32.0 million, resulting in an average deal value of $187.3 million during that month. On the other hand, the month of August 2021 was the most prolific in terms of deal volume, recording a total of 7 deals being made, with average deal value of $75.0 million during that month.
Of the 34 deals, the deal secured between Baillie Gifford & Co; BlackRock Inc; Canyon Partners LLC; General Atlantic LLC; HV Capital Adviser GmbH; Permira Holdings Ltd; Silver Lake Partners, L.P.; TCMI Inc and Flix SE, was the largest Private Equity/Venture Financing deal in the Global Travel and Tourism sector driven by Digitalization, which was valued at $650.0 million and was completed on June 2, 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 Nexus Ventures; Shell Ventures LLC; TVS Motor Co Ltd; WestBridge Capital Management, LLC and Roppen Transportation Services Pvt Ltd. The Cannae Holdings Inc; Genting Group; Point Break Capital Management, LLC; Walter Kortschak-Sightline Payments LLC deal and the Nexus Ventures; Shell Ventures LLC; TVS Motor Co Ltd; WestBridge Capital Management, LLC-Roppen Transportation Services Pvt Ltd deal were valued at $244.0 million and $180.0 million, respectively. The fourth-largest deal was between Accomplice; Glade Brook Capital Partners LLC; Goldman Sachs Growth Equity; GPI Capital; Westcap Group LLC-Hopper Inc valued at $175.0 million, whereas the deal between Accel; Apurva Doshi; Mukesh Bansal; Paras Sanghvi; South Park Commons; Temasek Investments, Inc.; Zomato Ltd-Diverse Retails Pvt Ltd valued at $145.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $1,394 million and accounted for nearly 62.31% of the total deals (by value) announced during the last twelve months. By region, Europe accounted for 39.82% of the total Private Equity/Venture Financing deals done globally, and recorded a total deal value of $890.8 million, which accounted for 29.41% of the total deal size on a global scale.
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