Menu
Berkshire Global has been a registered broker dealer since 2003
Home / transaction / Berkshire Global Advisors client Auerbach Grayson & Company has been acquired by Beltone Financial
Berkshire Global Advisors client Auerbach Grayson & Company has been acquired by Beltone Financial
  • has sold a majority stake to

    • Berkshire Global Advisors client Auerbach Grayson & Company has been acquired by Beltone Financial

  • Date: June 2016
  • Sector: Securities and Investment Banking
  • Sub-Sector: Independent Broker Dealer
  • Region: EMEA | North America
  • Seller AUM: N/A

    • Seller Details
    Founded in 1993 in New York City by Jonathan Auerbach and David Grayson, Auerbach Grayson is an independent, agency-only brokerage firm that offers a full range of global in-depth research, trade execution and settlement services in equities, derivatives and fixed-income instruments to U.S. institutional clients through its network of local broking partners in over 125 countries. Auerbach Grayson specializes in global trade execution and exclusive in-depth research on developed, frontier and emerging markets for U.S. institutional investors. The firm’s clientele includes some of the world’s largest mutual funds, pension funds and hedge funds. Auerbach Grayson is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

    Buyer Details
    Beltone Financial is a publicly listed financial services firm that trades on the Egyptian Exchange. The firm operates in the fields of asset management, investment banking, private equity, securities brokerage, custody and research. The company is the largest asset manager in Egypt with over EGP 30 billion AUM and is a leading provider of independent equity research throughout the MENA region. The firm has also executed over EGP 100 billion in M&A and capital markets transactions. Beltone is headquartered in Cairo and has affiliate offices spanning Europe and the Middle East to better reach and service its client base.

    Transaction Summary
    The transaction will enable Auerbach Grayson to expand coverage in the European and Gulf markets and will allow for broader reach in core agency broking and capital markets distribution. Furthermore, the partnership will help Beltone expand its global reach and product offerings to the U.S. market while boosting expansion plans in the frontier markets.