Emerging Europe: Local firms show how to ride the CEE roller coaster

They have out-lasted their local competitors and seen off the bulge bracket banks. Now a cohort of hardy regional investment banks across emerging Europe are preparing for a new wave of M&A and capital markets activity.

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Investment banking in emerging Europe is not for the faint-hearted. In the 25 years since the introduction of market economics, the region has ridden a roller coaster from the highs of post-Communist privatization and EU accession to the lows of the global financial and eurozone crises. 

At times deal flow in many sectors has all but dried up, putting local hopefuls out of business and sending global bankers scurrying back to the safety of London or Frankfurt.

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