17
Tue, Sep
34 New Articles

Ellex Raidla Advises Magnetic MRO on Bonds Issuance

Ellex Raidla Advises Magnetic MRO on Bonds Issuance

Estonia
Typography

Ellex Raidla has advised Magnetic MRO, a global provider of technical care for aircraft operators and lessors, on a bonds issue worth a total of EUR 8 million.

According to Ellex, the capital raised by the bond issue will be used to acquire a competitor operating in the same industry and expand Magnetic MRO’s business. In February 2019 Nasdaq announced that the bonds of Magnetic MRO were admitted to trading to the Nasdaq Baltic First North by Nasdaq Tallinn.

Magnetic MRO CEO Risto Maeots commented: “Magnetic MRO has expanded rapidly in the last couple of years. Despite our fast growth, we hold a very small percentage of the global aircraft maintenance market and there is a lot of room for us to gain a bigger market share. Furthermore, our expansion plans are supported by the industry’s overall stable growth.”

Ellex Raidla’s team consisted of Partner Raino Paron and Senior Associate Helen Ratso.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.

 

Our Latest Issue