Callidus Capital, who acted as the exclusive financial consultant, in cooperation with Signet Bank, who acted as the issue organizer, managed the JSC “ELKO Group” bond issue, as a result bonds for the total amount of EUR 20 million were issued.
The bonds were purchased by more than 80 investors from the Baltic States, Germany and Malta – including banks, pension plans, investment funds, insurance companies, as well as private investors. The Altum Capital Fund, for which this was the first investment, also participated in the transaction as an investor. Bonds will be listed on the Nasdaq Riga First North list of the alternative securities market.
JSC “ELKO Group” was founded in 1993 and is the largest distributor of IT products, consumer electronics and solutions in the Baltics. Representing 400 IT manufacturers, Elko offers a wide range of products and services to more than 10,000 retailers, local computer manufacturers, system integrators and companies in various industries in 11 countries in Europe. Wholesaler of IT products and home appliances. In 2020, the JSC “ELKO Group” achieved a turnover of USD 2 billion.
