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Bailador Technology Investments Ltd ( (AU:BTI) ) just unveiled an update.
Bailador Technology Investments has completed a $25 million cash realization of its investment in SiteMinder, retaining 75% of its holding. This move allows Bailador to rebalance its portfolio while maintaining SiteMinder as its largest holding, providing cash for additional investments. The transaction reflects a strong return on investment with an IRR of 36.9% and a multiple of 29.4x on the investment cost. Paul Wilson, Bailador’s Co-Founder, will continue to serve on SiteMinder’s Board, emphasizing the company’s confidence in SiteMinder’s growth potential and management capabilities.
More about Bailador Technology Investments Ltd
Bailador Technology Investments Limited is a growth capital fund focused on the information technology sector. It is actively managed by an experienced team with demonstrated sector experience.
Average Trading Volume: 208,608
Technical Sentiment Signal: Buy
See more data about BTI stock on TipRanks’ Stock Analysis page.