Kyiv-based investment boutique SP Advisors bought a minority stake in Beaufort Securities of London as part of a strategic partnership designed to better service their clients.
SP Advisors stated in a news release
on Feb. 11 that the acquisition will allow its clients to float shares on the
London Stock Exchange or LSE’s AIM sub-market without the involvement of other
consultants.
The money saving move will “reduce
fees and commissions,” stated the investment house.
“The partnership with Beaufort, a fully licensed broker on the
London Stock Exchange, allows SP Advisors to provide a portfolio of services
traditionally offered by a range of investment consultants thus increasing efficiency
and lowering costs for Eastern European issuers,” said SP Advisors. “Moreover,
Ukrainian investors looking for access to the London market will now have a one
stop shop to do so. 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.”
Established in 2011, SP Advisors is a
financial advisor to Ukrainian brewery Obolon, a corporate broker for
Ukrproduct Group, a local dairy company, and a number of other large
agribusinesses.
Founded in 1992, Beaufort offers
brokerage services, market-making, wealth management, and investment banking
services with a focus on the London Stock Exchange’s AIM sub-market.
Kyiv Post editor Mark Rachkevych can be
reached at [email protected]
