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SiteMinder sees international backing in latest funding round
Gilbert + Tobin has advised SiteMinder on its latest funding round involving multiple international and Australian investors.
Emma Musgrave
Firm: Gilbert + Tobin (SiteMinder).
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.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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