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October 5, 2021

Kapital Investment Group acquires South Africa’s Maru Asset Managers

By Verdict Staff

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

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Financial terms of the deal have not been disclosed.

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.

“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.

Free Report
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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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