Ukraine-based investment firm SP Advisors has strengthened its presence in London by purchasing a stake in Beaufort International Associates (BIAL).
Additionally, SP Advisors has agreed to expand post-transaction synergies in both London and Kyiv with BIAL subsidiary Beaufort Securities.
Through this acquisition, SP Advisors will now be able to offer a portfolio of services traditionally offered by a range of investment consultants to increase efficiency and lower costs for Eastern European issuers.
According to SP Advisors, the deal will also change the process of subscriptions by UK-based investors in Ukrainian equities by granting access to investment opportunities from the region.
Ukrainian securities will now be available not only to investment funds, but also to Beaufort’s network of over 24,000 retail investors.
SP Advisors said that its clients will also gain access to the Beaufort’s trading systems and clearing house, which will reduce trading fees and commissions.
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By GlobalDataNick Piazza, CEO of SP Advisors, said: "Our new partner also gains access to potential issuers from Ukraine, Georgia, and other Eastern European countries, as well as significant professional expertise in the region. And this is only the beginning."
Tanvier Malik, CEO of Beaufort Securities, said: "The deal combines the strength of the retail and institutional investor segments, and offers companies from Eastern Europe direct access to the London Stock Exchange via a single platform."