Renaissance Citadel will cover Serbia, Croatia, Slovenia, Bulgaria, Romania, Macedonia, Bosnia and Herzegovina, Montenegro and Albania. It will provide access for its clients to the full combined investment banking resources of Renaissance Capital and Citadel Investment Services.
The provided services will include equity and debt capital markets transactions (including initial public offerings, private placements of equity and debt, follow-on offerings, block trades, public and corporate debt offerings, equity-linked instruments) and advisory services such as mergers and acquisitions, divestitures, spin-offs and privatizations. In addition, the joint venture will provide research on the region.
Peter Vanhecke, CEO for Ukraine and Belarus at Renaissance Capital, has been promoted to cover the Central and Eastern European region as CEO. He will supervise Renaissance’s operations in Ukraine, Belarus, Moldova and the Balkans. Mr Vanhecke will continue to be based in Kyiv and the Kyiv office will operate as a hub for the region.
Mr Vanhecke said: “Citadel is a strong partner with an impressive track record in the region. Their approach, expertise and long-standing client relationships are an ideal complement to Renaissance Capital’s existing emerging markets platform. Our build-out into Central and Eastern Europe, following our recent entry into Belarus, is of strategic importance as we continue to grow our reach across the emerging markets from West Africa to the Russian far East.”
Milutin Nikolie, managing director and co-founder of Citadel Investment Services Group, said: “Through this joint venture with Renaissance Capital, Citadel can offer an even broader scope of services in a rapidly expanding market. We are especially excited that our clients will now have access to one of the leading capital markets’ platforms.
“Renaissance Capital’s unique commitment to emerging markets and in-depth approach is what makes it the right partner for Citadel and is fully in accordance with our goals and vision – to maximize value for all our current and future clients.”
