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Bailador Technology Investments Limited (ASX:BTI)

ALERT: Price-sensitive ASX Announcement for BTI
Current share price for BTI : $0.920 -0.305 (-24.90%)+
Announcement
Release
26 Sep 2025 8:28AM
Price at Release
$1.225
Full Release
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Summary
Bailador Technology Investments Limited (ASX:BTI), an ASX-listed technology expansion capital fund, announced a partial realisation of its investment in SiteMinder (ASX:SDR). Bailador has completed a $25.0 million cash realisation of its investment in SiteMinder, retaining 75% of its holding. This transaction was executed at an average price of $7.21 per share, which is 4.3% above Bailador's previous carrying value, representing an effective Internal Rate of Return (IRR) of 36.9% and a multiple of investment cost of 29.4x. The move provides Bailador with cash for other investments while maintaining SiteMinder as its largest holding. Paul Wilson, Co-Founder and Managing Partner of Bailador, will continue to serve on the SiteMinder Board, expressing confidence in SiteMinder's potential for international growth and shareholder returns.
Key Points
  • Bailador completed a $25.0 million cash realisation in SiteMinder.
  • Retained 75% of SiteMinder holdings.
  • Transaction price was $7.21 per share, 4.3% above carrying value.
  • IRR of 36.9% and investment cost multiple of 29.4x.
  • Move provides cash for additional investments while SiteMinder remains the largest holding.
  • Paul Wilson to continue on SiteMinder Board.
  • Confidence in SiteMinder's international growth potential.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.