BG Capital has finalized the acquisition of DBL Capital, the largest brokerage house in western Georgia. The deal brings BG Capital’s total assets under management to US$ 60mn.

Nick Piazza, CEO of BG Capital, noted the deal is part of the company’s broader strategy of expanding its business in Georgia. “The acquisition brings BG Capital’s share of the Georgian securities market to nearly 80%. In addition, we’re actively working on the local bond market and about to start working with local governments on municipal debt issues. On the investment banking side, we’re looking at two equity listings on the Georgian Stock Exchange this year,” Nick Piazza said.

DBL Capital was established in 1999 in Batumi, Georgia, and offers brokerage, equity and debt financing, and asset management services. In 2008, DBL Capital acquired six financial sector companies in Georgia, including the country’s largest insurer BCI. The string of acquisitions allowed DBL Capital to become the largest brokerage in western Georgia.

About

BG Capital is a leading investment bank in Ukraine, Georgia and Belarus, and is wholly owned by Bank of Georgia. BG Capital was established in 2000 and provides a full range of investment and banking services, including brokerage, equity and debt financing, mergers and acquisitions, and private banking services.