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Liberty Securities announces the sale of 20% of its equity interest to Sturgeon Holdings

Tuesday, February 28, 2012
Liberty Securities LLC, the second largest securities firm in Georgia, announced today that its majority shareholder, Liberty Capital LLC, has sold a 20% equity interest in Liberty Securities to Sturgeon Holdings Limited. Sturgeon’s wholly-owned London-based subsidiary Sturgeon Capital is the investment manager of Sturgeon Central Asia Fund, a multi-strategy hedge fund focused on this fast growing region.

Liberty Securities has a strong and experienced team to assist Georgian companies in local and international equity and debt issuance, provides agency brokerage services in Georgia and abroad and has a developing asset management business. “I would like to welcome Sturgeon as a shareholder of Liberty Securities and thank them for their trust and support. I believe that a leading investment manager such as Sturgeon, which has an in-depth knowledge of the region, will enable us to further develop Liberty Securities locally and internationally” commented Lado Gurgenidze, Chief Executive Officer of Liberty Capital LLC.

“We have known Lado and the Liberty team for a few years now, as early investors in Liberty Bank. We believe that his experience and Liberty Securities’ understanding of local and international capital markets can be considered unique in Georgia. This acquisition by Sturgeon highlights its commitment to Georgia and the region. Our strategy to integrate our London headquarters with on the ground research and execution capabilities, thus benefiting our information and deal flow, is being delivered”, commented Taco Sieburgh Sjoerdsma, CFO of Sturgeon Capital.

Press release

bc

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