28 December 2010, Tuesday
FUIB (First Ukrainian International Bank) has acted as a financial advisor in the deal on purchasing 100% stake in JSC “Bank Renaissance Capital” (“Renaissance Credit” brand) by SCM Group, having delivered consulting and deal structuring services.
This deal is of utmost importance for the business of SCM Group, which is why the best in-house competencies of its banking group were involved in implementation thereof. Supporting the purchaser throughout all time-consuming stages of the deal, including without limitation, due diligence of the target, deal structuring, negotiations and execution of all required documentation, FUIB secured optimum balance of interests of the parties involved.
The purchase of 100% of shares of JSC “Bank Renaissance Capital” by SCM Group is one of the first cross-border deals of FUIB in the M&A market, where the Bank acted as a financial advisor, and one of a few M&A deals on the banking map of Ukraine within the post-crisis period, which adds extra significance to this experience.
FUIB has a vast experience of operating in both local and international money markets; it cooperates actively with the investment banking community and other financial market participants as well. Under the FUIB Development Strategy we aim to expand our investment banking line providing our clients with the DCM, ECM, M&A, asset management, brokerage and other services. Our team has a proven track record of organizing debt financing for our clients in the domestic market, provision of brokerage, consulting, underwriting services, etc.
“I am delighted by the fact that expertise of the FUIB team, having been building up the FUIB credit and investment history throughout so many years, helped SCM to make such a bargain and extend competencies of the banking group of SCM in such promising segment as consumer finance,” Dmitry Yurgens, Deputy Chairman of the FUIB Management Board, comments
