The Düsseldorf-based e-commerce group The Platform Group AG has raised fresh money for further acquisitions. On Wednesday, the group announced that it was able to increase the volume of its 2024 corporate bond issued in the summer by 20 million euros to 50 million euros.
The additional bonds issued as part of the increase were “placed with institutional investors as part of a private placement” on Wednesday, The Platform Group explained. The transaction was “significantly oversubscribed” and the placement was therefore “terminated early after one day”.
The group had already announced the step the day before. He intends to use the proceeds for further acquisitions. A corresponding investment volume of “at least 30 to 40 million euros” is planned for 2025. This year, The Platform Group has already announced nine takeovers and says it spent 37 million euros on them.