Galt & Taggart

Galt & Taggart
Native name
გალთ ენდ თაგართი
Formerly
  • BG Capital (2009-2014)
  • Galt & Taggart Securities (2000-2009)
[1][2]
Company typeWholly owned Joint-stock company
IndustryBanking, Financial services, Research
Founded2000
HeadquartersTbilisi, Georgia
Key people
Irakli Kirtava, Director general
Products
RevenueDecrease ₾7,672,377 [1] (2022)
Total assets₾89,401,395 [1] (2022)
ParentBank of Georgia Group (through several companies) [1]
Websitegaltandtaggart.com/en

Galt & Taggart [a] is an investment banking and investment management services company in Georgia. It offers a range of investment-related services, including equity and fixed income brokerage, research, equity and debt capital-raising, investment banking, wealth management and asset management.

Galt & Taggart's main operation outside Georgia was in Ukraine. It had a subsidiary company in Kyiv, which existed from 2000 to 2011, and was one of the top three leaders of the Ukrainian investment market. However, Galt & Taggart decided to close its Ukrainian branch due to the deteriorating economic climate in the country.[3]

Galt & Taggart is a wholly owned subsidiary of the Bank of Georgia Group plc, a UK-based parent company of Bank of Georgia and other companies, which is listed on the London Stock Exchange.[1]

Investment Banking

Since 2005, Galt & Taggart has completed more than 30 capital-raising transactions[4] on regional debt and equity markets, valued at approximately $1 billion, according to company estimates.

In November 2006, BG Capital acted as the exclusive selling agent for Bank of Georgia’s initial public offering (IPO) on the London Stock Exchange, which raised $159.8 million, and in December 2007, the company was a joint adviser on one of Ukraine’s largest M&A deals, the sale of 100% in ISTIL Group to ESTAR Management Company.

In October 2009, BG Capital was the sole placement agent and bookrunner for the secondary private placement of a 17.2% equity stake in one of Ukraine's largest agricultural holdings, Sintal Agriculture on the Frankfurt Stock Exchange under the SNPS GF, which was one of the few large Ukrainian equity placements in 2009.[5]

In March 2010, BG Capital became a full IPO Partner[6] of the Warsaw Stock Exchange.

Notes

  1. ^ From 2000 to 2009 the company was known as Galt & Taggart Securities and from 2009 to 2014 the name of the company was BG Capital [1][2]

References

  1. ^ a b c d e f "Separate Financial Statements 2022" (PDF) (Press release). Galt & Taggart. Georgian Stock Exchange. Retrieved 2023-07-19.
  2. ^ a b "BANK OF GEORGIA ANNOUNCES REBRANDING OF BG CAPITAL INTO GALT & TAGGART" (Press release). Georgia Capital. Retrieved 2023-07-19.
  3. ^ "JSC Bank of Georgia announces the start of proceeding to exit BG Capital, Ukraine" (PDF) (Press release). Tbilisi: Bank of Georgia. 2011-12-06. Archived from the original (PDF) on 2023-05-31. Retrieved 2023-07-19.
  4. ^ BG Capital is preparing Ukrainian and Georgian companies for listing on the Warsaw Stock Exchange
  5. ^ "Sintal Agriculture raises US$ 13mn via private equity placement". Archived from the original on 2011-07-16. Retrieved 2010-05-28.
  6. ^ BG Capital became a full IPO Partner