Sealink reels in new acquisition
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.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
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