G+T has advised Australian tech company SiteMinder, a global market leader in hotel guest acquisition software, on a further capital raising of over $100 million from multiple high quality international and Australian investors.
SiteMinder was founded in Australia in 2006 and has grown to become one of the world’s leading open hotel commerce platforms, servicing tens of thousands of hotels across 150 countries.
G+T’s market-leading M&A and ECM teams were led by Partner and co-head of the G+T Corporate Advisory group Costas Condoleon, partner Kevin Ko and lawyers Jessica Liang and Arda Reznikas. The deal team was supported by a large group of dedicated lawyers across the Firm.
Costas and Kevin said “We are excited to have advised SiteMinder on its latest funding round from a round of high quality, sophisticated investors. The strong demand from investors demonstrates the strength and resilience of SiteMinder’s business through these challenging times, and we are privileged to have assisted SiteMinder again on its continued growth and success.”
G+T also advised SiteMinder on its previous capital raise of over $100 million in January 2020, which saw SiteMinder breaking through a $1 billion valuation.
Gilbert + Tobin’s M+A and Corporate team has advised on many of Australia’s largest and most innovative transactions across a broad range of industries, including recently advising Afterpay on its proposed $39 billion acquisition by Square, Inc., MIRA on the $2.6 billion acquisition of BINGO Industries, PowAR consortium on the $3 billion take private of Tilt Renewables, KKR on the proposed acquisition of Colonial First State from CBA, MIRA and Aware Super on the $3.5 billion acquisition of Vocus and SG Fleet on the proposed acquisition of LeasePlan ANZ.