Russia’s VTB Capital debuts in German M&A market

By Andrei Skvarsky.

VTB Capital, the investment arm of Russia’s second-biggest bank VTB, has enlarged its international record of advice on mergers and acquisitions with the first M&A deal it helped to carry through in Germany.

VTB Capital was the exclusive financial adviser to Prevent Group, a German manufacturer of car components and other products, in its acquisition of ES Automobilguss GmbH, also a maker of car parts, the Moscow-based investment firm said in a statement.

“In 2015, VTB Capital has achieved a record 40% market share in Russian investment banking having closed 11 M&A deals,” the statement quoted Riccardo Orcel, head of global banking at VTB Capital, as saying.

“The Prevent Group transaction is the first M&A deal in Germany and follows a series of deals in the UK, Spain, Portugal, France, Italy, Turkey, China, India and the US,” Orcel said.

Prevent and ES Automobilguss have major global automotive companies, including Volkswagen, among their customers. Prevent’s clientele also includes BMW and Mercedes, and among ES Automobilguss’s clients there are General Motors, Ford, Porsche and the Renault-Nissan alliance.

The VTB group is one of five Russian state-controlled banks that have been under Ukraine-related Western sanctions since July 2014. The sanctions have cut the banks off from long-term international financing.

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