By Ivan Anderzhanov
Renaissance Capital has yet to exhaust its capacity this year to sign joint ventures.
From Serbia to Belarus, from corporate finance in London to tie-ups in Ulan-Bator, the Russian-headquartered bank has trekked the world to find a friend. Rencap founder could have turned to Facebook but at least it gets him out of the house.
The latest partnership sees the bank hooking up with Jeffrey Waterous to form a new advisory business focusing on oil and gas asset sales the Middle East, Africa and other emerging markets.
Based in Bahrain with offices in Istanbul, Delhi and Casablanca, Renaissance JMW Energy will be looking to tap into energy companies eager to do deals in emerging markets.
The rationale makes sense for Rencap as it gives them exposure to yet another markets without committing major finance resources. Some of these jvs will probably fall by the wayside but one or two might just make a buck.
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