The deal is said to be part of KIG’s strategy to ramp up its global presence. Credit: Tim Johnson on Unsplash.

Netherlands-based Kapital Investment Group (KIG) has expanded its presence in South Africa with the acquisition of Maru Asset Managers.

Financial terms of the deal have not been disclosed.

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Licenced by the Financial Sector Conduct Authority (FSCA), the acquired company provides equity investment solutions to the institutional investment market.

The deal is said to be part of KIG’s strategy to ramp up its global presence. It will enable the firm to provide intermediary services for shares, debentures and securitised debt, money market instruments, warrants, certificates, among other instruments.

The acquisition also provides KIG with a licence for bonds, collective investment schemes, derivative instruments, in addition to long- and short-term deposits in South Africa.

KIG CEO Gökhan Erkıralp said: “We are very excited about expanding our global presence to South Africa. The country’s fast-growing population and local market presence represent an important opportunity for us.

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“South Africa is also the major financial centre for the African continent, which will provide potential access to an increased customer base.”

Earlier this year, KIG secured an investment dealer licence from the Mauritius Financial Services Commission.

Erkıralp added: “KIG BV aims to build a stronger, more innovative, and inclusive approach to international financial markets.

“We have already stepped into Africa with the GK Trade International in Mauritius and today’s acquisition builds on that. Our group will continue its expansion to increase its global reach and products.”

KIG, which is looking to expand its global reach and offerings, made four acquisition so far this year.

The firm expanded into the US with the takeover of a FINRA licenced broker-dealer. It also forayed into Australia with two acquisition.

Most recently, KIG purchased Turkish multi-asset broker Isik Menkul.