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

Company News

by Katrina Bullock

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.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.