G+T is advising Australian tech company SiteMinder, a global market leader in hotel guest acquisition software, on a transaction to raise capital from multiple high quality international and Australian investors.
SiteMinder was founded in Australia in 2006 and has grown to be a global market leader in hotel guest acquisition software technology, having processed 105 million bookings through its platform for more than 35,000 hotels worldwide. The latest capital raising comes after a successful year where they surpassed A$100 million in annual recurring revenue, giving the company an approximately $1.1 billion value enabling future global growth and investment in innovation and research & development.
Costas and Kevin said, “We are delighted to have advised SiteMinder on this significant capital raising from a round of high quality, sophisticated investors. These are exciting times for Australia’s newest tech ‘unicorn’ and it’s our privilege to have assisted SiteMinder on its continued growth and success.”
Gilbert + Tobin’s market-leading Corporate Advisory team has advised on many of Australia’s largest and most innovative transactions, including recently advising Anheuser-Busch InBev on the $16 billion sale of Carlton & United Breweries to Asahi Group, DuluxGroup on its $3.8 billion acquisition by Nippon Paint, BGH Capital on its $2.1 billion acquisition of Navitas, TPG on its $1 billion acquisition of Greencross, Konekt Limited on its acquisition by Scheme Implementation by Advanced, KKR on its $2 billion acquisition of MYOB and Viva Energy on its $2.65 billion IPO.