Sealink reels in new acquisition

Wilson Asset Management

Wilson Asset Management

Australia’s largest marine tourism and transport company Sealink Travel Group Ltd (ASX: SLK) has announced it will acquire Transit Systems Marine (TSM) for $125 million. This follows a $50 million capital raise which was used to fund the acquisition. SeaLink Chief Executive Jeff Ellison said the company, which had a market value of $213 million before the Transit System Marine deal was completed, had a target of moving up to the S&P/ASX 300 index over the next 12 months. SLK share prices closed up 16.9% for the week. We participated in the capital raise.

Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter