Emerging Markets, Emerging Russia, Emerging Views
From the category archives:
By Ivan Anderzhanov
Swiss investment bank Credit Suisse has hired five bankers to staff its newly reopened office in Poland’s capital Warsaw.
The team will be led by Tomasz Bardzilowski, who joins as a managing director and head of the Polish equities business from UniCredit in Poland, where he was most recently deputy [...]
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By Ivan Anderzahnov
Ukraine’s has selected VTB Capital, JP Morgan and Morgan Stanley to conduct its planned Eurobond sale.
The three banks were chosen from a beauty parade of eight institutions.
Ukraine may sell Eurobonds denominated in dollars in mid-June. The government wants to sell $1.3 billion in Eurobonds this year, the government [...]
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By Andrei Skvarsky
Russia’s VTB Group will form a partnership with Ukreximbank, one of Ukraine’s largest banks, under an agreement to be signed by the two countries’ presidents early this week, the Kommersant-Ukraine newspaper said.
Set up in 1992, Ukreximbank is a fully state-owned trade bank offering a wide range of services, [...]
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By Andrei Skvarsky
Private equity investment firm Mid Europa Partners has bought a strategic stake in Energy 21, a major Czech solar power company, as one of the signs that buyout activity is returning to Central and Eastern Europe (CEE).
Mid Europa, an independent partnership focused on CEE and having about 3.2 billion [...]
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By Ivan Anderzhanov
Russian investment bank Renaissance Capital and Australia’s Macquarie are deepening their existing alliance after entering into an agreement to provide M&A advisory and financing opportunities for Korea clients active in the former Soviet Union.
Macquarie, a global leader in infrastructure, has an existing three-year joint venture with Renaissance to develop [...]
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By Andrei Skvarsky
VTB Capital has bought a minority stake in EPAM Systems, a leading provider of outsourcing software engineering services in Central and Eastern Europe and Russia.
The Russian bank’s buying into EPAM, a US-headquartered firm more than 90% of whose personnel are based in Russia and Belarus, “is another step in implementing VTB Capital’s strategy [...]
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By Ivan Anderzhanov
Russian investment bank Renaissance Capital has agreed to buy South Africa’s BJM Securities for $28.2m in what is expected to be the first of a string of deals in the continent.
The group, which is expanding more boldly than ever this year into frontier markets, previously said it would buy up to six African [...]
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By Marcus Williamsa
IPM Informed Portfolio Management, a Swedish fund manager, is launching a new emerging markets fund and has already raised €50m.
IPM, which has $8bn in funds under management, said its new vehicle is part of a Luxembourg based UCITS III Fund (SICAV) and is open to institutional and retailer investors.
Jonas Rinne, chief executive of [...]
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By Andrei Skvarsky
About 50 companies from Russia and the CIS have announced plans to conduct initial public offerings since December 1, according to the communications company PBN.
The list includes Russia’s steel producer Metalloinvest, coal mining company SUEK and pharmaceuticals firm Protek. Ukrainian egg producer Avangard is also mentioned.
Otkritie Investment Bank, part [...]
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By Ivan Anderzhanov
US bank Citigroup has established a Polish investment banking team following moves by Goldman Sachs and Credit Suisse last month.
Citigroup hopes to benefit from a wave of state-sponsored privatisations and the strength of Poland’s economy, one of the few large countries to avoid recession last year. The banking group [...]
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By Andrei Skvarsky
Russia’s UFG Asset Management plans to close its latest private equity fund within days and has already invested nearly half of the fund’s money, according to Charlie Ryan, a co-founder of the company and its current chairman.
UFG has invested a $100m share of the fund’s $225m, Ryan told Russian business daily Vedomosti yesterday. [...]
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By Ivan Anderzhanov
The European Bank for Reconstruction and Development and the World Bank’s International Finance Corporation are launching a €300m fund to help structure medium-size companies in eastern Europe and central Asia.
The EBRD said it will contribute €60m to the ADM CEECAT Recovery Fund, with the IFC adding €35m. They [...]
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