One51, the former IAWS Coop, has raised €120 million in convertible loan notes from investors to bolster its acquisition war chest.
The original target of raising €100 million was surpassed as the issue was several times over-subscribed. This was the second fundraising this year, but it was the first time new investors were allowed to apply.
It is understood that a number of investors applied to put in over €10 million each, and one applicant...
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