BTI.ASX: SiteMinder Partial Realisation and Continued Investment

SiteMinder Partial Realisation and Continued Investment

Stock	Bailador Technology Investments Ltd (BTI.ASX)
Release Time	26 Sep 2025, 8:28 a.m.
Price Sensitive	Yes

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SiteMinder Partial Realisation and Continued Investment

Key Points

Bailador completes $25.0m cash realisation of SiteMinder investment
Retains 75% of SiteMinder holding
Realisation represents 36.9% IRR and 29.4x multiple on investment

Full Summary

Bailador Technology Investments (ASX:BTI) has announced a partial realisation of its investment in SiteMinder (ASX:SDR). Bailador has completed a $25.0m cash realisation, while retaining 75% of its holding in SiteMinder. The realisation was at an average price of $7.21 per share, 4.3% above Bailador's previous carrying value. This realisation represents an effective IRR of 36.9% and a multiple of investment cost of 29.4x on Bailador's investment in SiteMinder. The partial realisation provides some rebalancing of Bailador's investment portfolio, with SiteMinder remaining the largest holding. Bailador Co-Founder and Managing Partner, Paul Wilson, will continue to serve on the SiteMinder Board. Bailador remains confident in SiteMinder's long-term growth potential and ability to generate strong returns for shareholders.