Alexander Vinokurov, chairman of the investment bank KIT Finance
Photo: Nikita Infantyev
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Russian Cos. among Top M&A Advisors
The Dealogic analytical agency has issued its finding on mergers and acquisitions on the Russian market in 2007. For the first time, two Russian companies, Metropol and KIT Finance, are in the Top 5 most active organizers of M&A transactions. That was thanks to their involvement in the reorganization of RAO UES of Russia.
Top in M&A organizers on the Russian market last year was the American investment bank Merrill Lynch. It took part in 29 deals worth a total of $64.3 billion (32.6 percent of the market). It was followed by JP Morgan with 27 deals for $57 billion (28.3%). Metropol came in third with 38 deals for $37 billion (18.7%) and KIT Finance was fourth with 24 deals for $29.7 billion (15%). Morgan Stanley Bank was fifth with 14 deals for $29 billion. Deutsche Bank, which was first place in 2006, ranked sixth in 2007.
Previously, the highest any Russian company had appeared in the rating was Renaissance Capital's 11th place ranking in 2006. Metropol took part (along with Merrill Lynch) in one of the biggest M&A deals on the Russian market – the first phase of RAO reorganization. Metropol, JP Morgan and KIT Finance took part in the second phase of it, which was completed on January 1. The largest M&A deals in Russia last year were the sale of 25 percent plus one share in Norilsk Nickel for $15.7 billion (with the participation of Merrill Lynch) and the purchase of YUKOS assets by Rosneft (which Morgan Stanley advised on). Observers say that previous experience is an important criterion when companies pick a financial advisor.
www.kommersant.com
All the Article in Russian as of Jan. 16, 2008
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