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.
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),...