Locus Capital Partners (Locus), a cross-border M&A advisory firm, is pleased to announce that Shinhan Investment Corp (SIC) which is one of leading securities companies in Korea acquired PT Makinta Securities (Makinta). Locus advised SIC in this transaction.
Founded in 1988 in Jakarta, Indonesia, Makinta is a medium-sized securities firm specializing in investment banking activities including Initial public offering of small to medium-sized companies in Indonesia.
SIC which is one of the leading securities companies based in Korea is glad to expand its operation into Indonesia which is one of the largest markets in Asia with 250 millions of people, abundant natural resources and large GDP size ranked at 16th in the world.
Locus managed and executed the entire deal processes including valuation, management of financial and legal advisory, price & SPA negotiation, etc. successfully.