Avantgarde Capital - The Best Boutique Investment Bank in Indonesia: Financial Adviser, M&A, IPO, Private Equity , Corporate Restructuring, and Deals

PT Bank Mayora

Date of Completion

February 2015

Deal Type

Private Placement of 20% new common shares in PT Bank Mayora to International Finance Corporation (IFC).

Company Description

PT Bank Mayora is a fast growing Indonesian mid-size foreign-exchange bank focusing on retail and SME segments headquartered in Jakarta. Established in 1993, the Bank is a part of Mayora Group, a prominent Indonesian fast moving consumer goods business group. The Bank is committed to support the growth of the Indonesian banking sector on the back of its successful aggressive expansion plan since 2011 and leveraging on Mayora Group’s extensive supply chain and distribution network nationwide. The Bank holds a foreign exchange commercial bank license and is a rapidly expanding player in the SME/retail banking market in Indonesia.

Our Role and Value Added Services

AvantGarde advised PT. Bank Mayora in the private placement of 20% new shares, which was structured into two tranches, to International Finance Corporation (IFC), a multilateral institution and subsidiary of the World Bank.

AvantGarde prepared and advised Bank Mayora in the selection of highly reputable international strategic partners and fundraising for the bank, with an objective to strengthen the bank’s capital base to reach IDR 1 trillion and take the bank to the next level of its development by entering the BUKU II banking category of Bank Indonesia. We assisted Bank Mayora in the process from start to completion of the transaction, including positioning of the bank, inviting bids from potential investors, valuation and negotiation of the share subscription agreement and the shareholders agreement.