AvantGarde Capital is pleased to announce the successful acquisition of PT Valbury Sekuritas Indonesia and PT Valbury Capital Management (together “Valbury”) by KB Securities (“KBS”).
AvantGarde Capital acted as exclusive financial advisor to KBS in the strategic acquisition of a majority stake in Valbury by way of a combination of primary shares subscription and secondary shares purchase. In recognition of Indonesia as one of KBS’ top priority market outside Korea, KBS’ expands their securities business into Indonesia through the acquisition of Valbury. Valbury represents an ideal target for KBS as one of the leading domestic brokerage house in Indonesia with balance consumer composition between retail investors and institutional funds.
In this transaction, AvantGarde assisted and advised KBS on the end-to-end process from market education and target identification to receiving OJK approval process and transaction closing. This transaction signifies on our continuous support and relationship with the wider KB Financial Group following our previous engagement in PT Bank KB Bukopin Tbk.
