By Sheri Kasprzak
New York, June 2 - Navigator Equity Solutions NV raised €20 million in a private placement of convertible bonds.
The bonds were purchased by German and international institutional investors.
Each bond is convertible into one common share.
VEM Aktienbank AG was the placement agent.
Based in Eindhoven, Germany, Navigator is an investment company.
| Issuer: | Navigator Equity Solutions NV
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| Issue: | Convertible bonds
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| Amount: | €20 million
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| Conversion ratio: | 1:1
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| Warrants: | No
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| Placement agent: | VEM Aktienbank AG
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| Settlement date: | June 2
|
| Stock symbol: | Frankfurt: NUQ
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| Stock price: | €0.27 at close June 2
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