Bailador (ASX:BTI) to sell $10M holding in SiteMinder

17Jan

Bailador (ASX:BTI) to sell $10M holding in SiteMinder

 

Tech and media investor, Bailador Technology Investments (ASX:BTI) has agreed to sell around $10 million of its current holding in hotel guest acquisition platform, SiteMinder.

Bailador Managing Partner, Paul Wilson says “SiteMinder has been a terrific investment for… shareholders and [they] strongly believe there is significant valuation upside to come.”

Bailador’s other Manager Partner David Kirk noted that “[t]his is the second cash realisation for Bailador in FY20 which highlights [they] are into a new phase for the fund where realisations, new investments and cash distributions are [the] focus.”

Shares in Bailador Technology Investments (ASX:BTI) are trading 0.5 per cent higher at $1.11.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

24May

Snap dives 28% pulling ASX tech giants lower on rising inflation

24 May 2022 - Snap’s share price dived over 28% after an earnings miss, warning investors of a hiring slowdown with the Nasdaq futures falling 1.3% as investors fret about tech giant’s reliance on internet advertising. The news pulled Facebook-owner Meta Platforms and Google-owner Alphabet down 7 and almost 4% respectively.

Read More
28Nov

NRW Holdings (ASX:NWH) executes an agreement to acquire BGC Contracting

28 Nov 2019 - Mining Services Company NRW Holdings (ASX:NWH) has executed an agreement to acquire 100 per cent of BGC Contracting.

Read More
21May

ioneer (ASX:INR) completes its Asian boric acid distribution and sales

21 May 2020 - Lithium–boron supplier ioneer (ASX:INR) has secured two separate boric acid Distribution and Sales Agreements for the supply of boric acid from their Rhyolite Ridge Lithium-Boron Project in Nevada, USA.

Read More
08Apr

Oil Search (ASX:OSH) close books on equity raise

08 Apr 2020 - Oil Search (ASX:OSH) is pleased to announce the successful completion os the institutional component of its entitlement offer and placement raising $1 billion.

Read More
01Mar

Stocks of the Hour: Argent Minerals, Valor Resources, Oceana Lithium

01 Mar 2023 - A snapshot of the stocks on the move featuring Argent Minerals (ASX:ARD), Valor Resources (ASX:VAL) and Oceana Lithium (ASX:OCN).

Read More
12Nov

InvoCare Limited (ASX:IVC) acquires two pet cremation businesses

12 Nov 2020 - InvoCare Limited (ASX:IVC) has entered into conditional sales agreements to acquire 100 per cent of the shares of Family Pet Care Pty Limited and the business and assets of Pets in Peace.

Read More
09Sep

Stocks of the Hour: Gold Road Resources, Oil Search & Omni Bridgeway

09 Sep 2021 - A snapshot of the stocks on the move, featuring Gold Road Resources (ASX:GOR), Oil Search (ASX:OSH), and Omni Bridgeway (ASX:OBL).

Read More
25Jun

CSL (ASX:CSL) acquires a gene therapy candidate

25 Jun 2020 - CSL (ASX:CSL) has agreed to acquire from uniQure exclusive global license rights to commercialise an adeno-associated virus gene therapy program, for the treatment of haemophilia B.

Read More
02May

Stocks of the Hour: Krakatoa Resources, Immutep, ABx Group

02 May 2024 - A snapshot of the stocks on the move, featuring Krakatoa Resources (ASX:KTA), Immutep (ASX:IMM) and ABx Group (ASX:ABX).

Read More
04Mar

Xero (ASX:XRO) set to acquire Planday for $284.5 million

04 March 2021 - Accounting software provider Xero (ASX:XRO) is set to acquire workforce management platform Planday for $284.5 million.

Read More