SeaLink Travel Group Limited (ASX:SLK) entered into an agreement to acquire all the assets and operations of Kingfisher Bay Resort Group for AUD 43 million on February 21, 2018. Transaction consideration is in cash, funded through bank interest only debt provided by ANZ. The operations reported EBITDA of AUD 7.9 million and EBIT of AUD 5.8 million for the year ended December 2017. SeaLink’s management team will be augmented by the addition of existing members of Kingfisher Bay Resort Group, including David Hay, Group General Manager. Staff will remain in place. The transaction is scheduled, subject to customary conditions precedent and approvals, to complete by early April 2018. Deal is expected to be materially earnings per share accretive in the first full financial year. James Burchnall, Brian Vuong, Freya Sinickas and Shaun Scott of Kain Corporate and Commercial Lawyers acted as legal advisors to SeaLink Travel Group Limited. SeaLink Travel Group Limited (ASX:SLK) completed the acquisition of all the assets and operations of Kingfisher Bay Resort Group on March 26, 2018.