Gilbert + Tobin has advised SiteMinder on its latest funding round involving multiple international and Australian investors.
Firm: Gilbert + Tobin (SiteMinder).
Deal: SiteMinder has been advised on its latest capital raising.
Value: $100 million.
Area: Finance, corporate.
Key players: The Gilbert + Tobin team was led by partner and co-head of the firm’s corporate advisory group Costas Condoleon, partner Kevin Ko, and lawyers Jessica Liang and Arda Reznikas.
Deal significance: SiteMinder is an Australian tech company that specialises in hotel guest acquisition software. Founded in 2006, the group services tens of thousands of hotels across 150 countries.
This latest capital raising of $100 million was supported by multiple “high-quality international and Australian investors,” according to Gilbert + Tobin, who noted the transaction follows a previous capital raise of over $100 million in January 2020, which saw SiteMinder breaking through a $1 billion valuation.
Commenting on the deal, Gilbert + Tobin’s Costas Condoleon and Kevin Ko 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.”