The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

RenCap uses diversity to combat adversities

As Renaissance Capital moves away from its Russian roots, is the firm now stretched too far or not stretched far enough?

Moscow-based Renaissance Capital could lay claim to being the first non-western broker-investor to recognize the interconnected power of the world’s emerging markets.

RenCap ploughed into Africa in the mid-2000s, branching out into Europe and parts of Asia. In so doing, it has patched together a brokerage that claims to be, in the words of Alexander Merzlenko, deputy CEO and head of Russia and CIS investment banking, the world’s "leading emerging market-focused global player".

So do such claims stack up? In part, they do. Few global players have shown an inclination to venture into Africa’s hairier reaches. RenCap has six offices across the continent, and offers probably the best sub-Saharan Africa research around.

And rather like Martini, it is also willing to try any type of capital markets deal: anytime and anywhere.

So in 2011 it completed a $70 million rights issue for Zambian Breweries, advised on the $750 million sale of Zimbabwe Iron & Steel to India’s Essar Group, underwrote the $142.5

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree