Cobalt has advised the 15min group on its placement of a EUR 16 million bond issue.
15min is a media company.
According to Cobalt, the issuance attracted 713 investors from Lithuania, Latvia, and Estonia. ”Due to oversubscribed demand, the placement amount was increased to EUR 16 million, with the greatest focus on retail investors. The attracted financing will enable 15min to refinance the acquisition of M-1 Group and further develop its digital media services.”
The Cobalt team was led by Partner Eva Suduiko.
Cobalt did not respond to our inquiry on the matter.
