DC Advisory (DC) exclusively advised Daiwa Securities Group (Daiwa Group) on its acquisition of a minority stake in COL Financial Group, Inc. (COL).

The investment in COL is part of Daiwa Group’s efforts to expand in the fast-growing overseas markets of Asia.

Daiwa Group acquired a 14.9% stake in COL, a leading online brokerage company based in the Philippines.

COL, established in 1999, is the leading and fastest growing online stockbroker in the Philippines with over 200,000 customers and PHP 61 Bn / USD 1.2 Bn in customer assets. It has the largest market share in Philippines terms of number of accounts online and is also ranked sixth among all stockbrokers in the Philippines.

Daiwa Group was attracted by COL’s attempts to disrupt the traditional brokerage model as well as its distribution platform. Daiwa Group views this investment as an extremely good opportunity to leverage each parties’ network and resources in order to help grow the retail brokerage industry in the country.

This investment will provide Daiwa Group with an opportunity to participate in the fast-growing Philippines economy which is significantly underpenetrated in terms of brokerage accounts. At the same time, COL will further allow Daiwa Group to have a platform for further expansion in other Asian countries.

DC introduced COL as a strong potential partner to the Daiwa Group after understanding Daiwa Group’s strategic interests and intensions for the brokerage business in Southeast Asia.

As an exclusive financial advisor, DC provided valuation, due diligence and negotiation services which led to a successful transaction.