Emerging Markets, Emerging Russia, Emerging Views
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By Ivan Anderzhanov
Has Russian-based investment bank’s campaign to buy brokerages in five of six African countries stalled?
The bank today announced it had has completed its acquisition of BJM Securities, the brokerage business of South Africa’s Barnard Jacobs Mellet (BJM) Group. The deal was first announced on May 3.
Back in late [...]
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By Marcus Williams
Renaissance Capital, the fast growing emerging markets investment bank, is eyeing deals to buys brokerages in “five or six” African countries.
Speaking to the Financial Times, its bullish founder Stephen Jennings said the group expected to close deals within the next few months.
Rencap is expanding at breakneck speed [...]
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By Jason Corcoran
Pharos Financial Advisors today launched a $350m private equity fund focused on acquiring and operating land in Eastern Europe, Eurasia and Africa.
Pharos, a Russian-based investment firm which expanded to Dubai last year, is expecting to raise more than half of the fund from investors in the Middle East.
The Pharos Miro Agricultural fund, [...]
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By Ivan Anderzhanov in Moscow
Investment bank Renaissance Capital has notched up its 14th deal in Africa this year after advising the Central African Mining and Exploration Co. (CAMEC) following its acquisition by ENRC, an LSE-listed Kazakh mining group.
The $955m deal in the mining sector is the largest public transaction on which Renaissance has advised [...]
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By Jason Corcoran in Moscow
Russia’s Renaissance Capital has been appointed as lead manager and bookrunner for a 20bn rouble bond ($612m) by conglomerate Sistema which caps a string of deals worth over $2bn during the past month.
The Sistema rouble bond is the biggest of the year and beats the recent 15 billion ruble ($485m) issue [...]
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By Ivan Anderzhanov in Moscow
Renaissance Capital had promoted Victoria Chervatyuk to run its events team in Moscow following the departure of it head marketing and strategic development Richard Wallace to do a MBA in London.
Wallace, who left Moscow recently, is part of a large exodus by expats from Renaissance over the past year since the [...]
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