Rencap advise on trio of M&As deals as capital markets warm up

By Ivan Anderzhanov in Moscow

Investment bank Renaissance Capital has advised clients on three M&A deals in the space of  a week as green shoots of deal-making appear in Russia.

Rencap last week acted as exclusive advisor to Swedish-listed Malka Oil which sold its main production assets in Tomsk to GazpromNeft for $118m.

Bankers from Rencap and Canaccord Capital also acted on a $1om capital raising by the energy explorer PetroKamchatka. Proceeds were used to secure a stock market listing in Toronto via a reverse takeover of a cash shell.

Former Renaissance oil and gas analyst Adam Landis sits on PetroKamchatka board which may have helped to finesse the deal. Rencap also advised on the sale of Paterson, a chain of 82 supermarkets in Moscow and St Petersburg, to retail group X5 for $189.5 million.

Bankers said the Paterson transaction is the largest M&A deal in the consumer sector over the last year.

Rencap, along with VTB Capital, also acted as the joint bookrunner on the recent second public offering by the Bank of St Petersburg.

By Ivan Anderzhanov in Moscow Investment bank Renaissance Capital has advised clients on three M&A deals in the space of  a week as green shoots of deal-making appear in Russia. Rencap last week acted as exclusive advisor to Swedish-listed Malka Oil which sold its main production assets in Tomsk to GazpromNeft for $118m. Bankers from Rencap and ...