Category Archives: Deals

Russian-American startup iBuildApp raises another $200,000

Mobile app builder iBuildApp has raised $200,000 from Starta Capital and Nikolay Belykh. iBuildApp is an international project that enables clients to build and manage mobile apps. As well as being a resident of Moscow’s Skolkovo IT-Park, the project also has its headquarters in Foster City, California. Continue Reading

EBRD steps up lending to Ukraine as part of international support package

The European Bank for Reconstruction and Development (EBRD) is significantly increasing its public sector lending in Ukraine as it joins in the response of the international community to support the Ukrainian economy. {{{?}}} In a project financed together with the European Investment Bank, the EBRD is providing a €200 million loan to finance the modernisation… Continue Reading

Sberbank CIB opens second RUB 6.8 bln line of credit for INTECO Group

{{{?}}} Sberbank CIB1 has signed an agreement with INTECO Group on the financing of construction of the 146,000 sq. m “Liner – Zapad” Multifunctional Complex in the Khodynskoe Polye neighbourhood. This line of credit totals RUB 6.8 bln. The agreement was signed for a period of 4.5 years. On behalf of Sberbank CIB this deal was structured… Continue Reading

EBRD channels $40 million to support Ukrainian grain farmers

{{{?}}} The European Bank for Reconstruction and Development (EBRD) is once again demonstrating its commitment to Ukraine’s agribusiness sector, which received over €160 million from the Bank in 2013 alone. The EBRD is providing a loan of up to US$ 40 million to over 30 farms and elevators across Ukraine owned by NCH New Europe… Continue Reading

Sberbank CIB’s 2013 trade finance, documentary deals worth $43.5bn

By Andrei Skvarsky. Sberbank CIB, the investment arm of Russia’s biggest lender Sberbank, has announced it carried through “record” numbers of trade finance and documentary operations in 2013, putting the total volume of the deals at $43.5bn. {{{?}}} The investment firm said in a statement its documentary operations topped the $33bn mark last year, with… Continue Reading

VTB Capital raises $95.2m by selling stake in IT firm on NYSE

By Andrei Skvarsky. Russia’s VTB Capital has raised $95.2m by selling its stake in Russian software development and IT outsourcing company Luxoft in a secondary public offering (SPO) on the New York Stock Exchange in which the Moscow-based bank was one of the bookrunners. {{{?}}} The offering was more than three times oversubscribed and attracted… Continue Reading

Deutsche Bank selling Russian subsidiary to Aton

By Andrei Skvarsky. Deutsche Bank has agreed to sell its Russian subsidiary Deutsche UFG Capital Management (DUCM) to Russian investment group Aton in what would purportedly make the latter one of Russia’s biggest asset managers. {{{?}}} The deal, which needs approval from Russia’s Federal Antimonopoly Service, would make Aton the 100% owner of DUCM, an… Continue Reading

NASDAQ, Moscow Exchange sign deal to help Russian start-ups

By Andrei Skvarsky. NASDAQ and Moscow Exchange have clinched a deal to join forces in helping Russian high-tech start-ups to get listed on the two bourses. {{{?}}} The two exchanges are to co-organise conferences, workshops and presentations for innovative companies and international investors under the agreement, the Moscow bourse said in a statement. The deal… Continue Reading

Russia’s Nomos bank carries out successful SPO on Moscow Exchange

By Andrei Skvarsky. The Nomos banking group, one of Russia’s largest private lenders, carried through a successful secondary public offering of shares on Moscow Exchange last week, raising 19.08bn rubles ($600m) by selling all the securities it offered. {{{?}}} Gazprombank and Otkritie Capital co-organised the SPO. Demand exceeded supply, with Nomos giving priority to major… Continue Reading

London’s Oracle Capital takes control of Moscow’s Third Rome

By Andrei Skvarsky. Oracle Capital Group, a global multi-family office and wealth consultancy, has bought a blocking stake in Third Rome, a Moscow-based wealth manager. {{{?}}} “Third Rome will continue to operate under the Third Rome Group name and brand as a self-managed group of companies.  In cooperation with Oracle Capital Group, Third Rome will… Continue Reading

Sberbank increases majority stake in venture with BNP Paribas

By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has enlarged to 74% from 70% its stake in Cetelem Bank, its Russian retail joint venture with BNP Paribas. The increase marks the closure of a deal between Sberbank and BNP Paribas Personal Finance, the French bank’s retail unit, announced in July. Sberbank is currently transferring its car… Continue Reading

Japan govt lending Sberbank $600m to pay for imports

By Andrei Skvarsky. Japan Bank for International Cooperation (JBIC), is to provide Sberbank, Russia’s top lender, with a series of long-term loans to a total of $600m to finance Russian imports of goods and services from Japan under an agreement signed last week. “We have been working with JBIC for a few years already and… Continue Reading

Sberbank becomes agent of $750m syndicated loan for Ukraine govt

Russia’s Sberbank became the underwriter of a recent $750m syndicated loan for Ukraine’s government.  “This is the first time that Sberbank has provided a loan to Ukraine and therefore is an important step towards future cooperation,” the biggest Russian lender’s investment arm Sberbank CIB said in a statement. Sberbank CIB was the loan’s technical organiser. Continue Reading

Sberbank’s Turkish arm plugged into MoneyGram network

By Andrei Skvarsky. Sberbank’s Turkish operation Denizbank is expected to become the biggest Turkish agent for global money transfer company MoneyGram under a recent agreement. {{{?}}} The deal plugged one of Turkey’s top lenders into the network of a remittance firm that runs successful business in 198 countries but last year admitted to fraud charges… Continue Reading

EBRD invests in Russian IT outsourcing provider MAYKOR

The EBRD has joined forces with the Russian Direct Investment Fund (RDIF) and the CapMan Russia II Fund, a private equity fund in which the Bank is an investor, to support MAYKOR, the leading Russian IT outsourcing and service provider.  The three partners will invest up to USD 100 million in a series of stages… Continue Reading

EBRD invests in leading Turkish textile company

The European Bank for Reconstruction and Development continues to boost Turkey’s Anatolian regions, making a €3.7 million loan to Kivanc Tekstil, a leading producer of clothing fabrics and yarn based in Adana. Kivanc Tekstil, 100 per cent owned and controlled by the founding family of the same name, has successfully operated in the textile sector for… Continue Reading

Chinese Investors Target London Real Estate

Asian markets with similar cultural backgrounds such as Thailand, Hong Kong, Singapore and Malaysia are among countries being targeted by Chinese insurance funds that have more than US$14 billion available for overseas real estate investment, according to the latest research report from global property adviser CBRE. {{{?}}} The prime targets are high transparency markets including… Continue Reading

EBRD invests in Turkey's first infrastructure bond

The European Bank for Reconstruction and Development is supporting Turkey’s first ever infrastructure bond with a US$79.5 million participation in a US$ 450 million Eurobond, launched by Mersin International Port (MIP), the private operator of the port of Mersin, on the Mediterranean coast in southern Turkey. The debut bond will be used for refinancing an… Continue Reading

EBRD provides €190 ml loan for wood processor Krasnospan

The European Bank for Reconstruction and Development (EBRD) has signed two separate long-term loans, which will provide up to €190 million for the construction by Kronospan – a privately held global leader in the wood-based panels market – of new production facilities in Russia and Belarus. Both plants are designed to use low quality wood… Continue Reading

Carlyle asset manager buys out packaging producer Chesapeake

By Andrei Skvarsky. Global alternative asset manager The Carlyle Group has announced it has bought Chesapeake, one of the world’s largest manufacturers of paper-based packaging, from two US-based companies, private equity firm Irving Place Capital and asset manager Oaktree Capital Management. {{{?}}} Credit Suisse, Goldman Sachs, UBS and Barclays financed the transaction, Nicholas Mockett, head… Continue Reading

Sberbank pulls off cooperation deal with Gulf’s top-notch NBAD

By Andrei Skvarsky. Russia’s biggest lender Sberbank and a top bank in the Gulf, National Bank of Abu Dhabi (NBAD), have reached an agreement to cooperate in trade financing, loan syndication, client support and investment banking. “Access to new financial markets is an integral part of our international strategy,” a Sberbank statement quoted the Russian… Continue Reading

Macquarie in full control of infrastructure fund as RenCap, Renaissance Group pull out

By Andrei Skvarsky. Macquarie, a global financial services provider, has become the sole manager of a major infrastructure investment fund, an entity it used to co-manage with Renaissance Capital and Renaissance Group. RenCap and Renaissance Group ceded their co-managerial roles to Macquarie under an agreement which, via the takeover of RenCap’s stake, doubled the Australia-based firm’s… Continue Reading

Russia’s Unicorn Capital buys key maker of glass facades

By Andrei Skvarsky. Moscow-based buyout fund Unicorn Capital Partners with target capitalisation of $500m has announced its first acquisition, the purchase of controlling interest in Constanta Group, one of Russia’s largest designers and manufacturers of translucent façade systems and other glass products. Unicorn, whose main objective is to buy out undervalued small and medium enterprises… Continue Reading