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| 1/18/2010 |
| Renaissance Capital and Strand Hanson announce strategic alliance focused on
AIM and Emerging Markets
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London, January 18, 2010 – Emerging markets investment bank Renaissance Capital and London based independent corporate finance boutique Strand Hanson Limited are pleased to announce that they have entered into a strategic alliance that will focus on M&A transactions and equity capital markets (ECM), principally for emerging markets issuers on the London Stock Exchange’s AIM market. As part of the alliance, Renaissance Capital has acquired an equity stake of 9.9% in Strand Hanson.
In 2009 Renaissance Capital was the No. 1 adviser on AIM by aggregate volume for ECM and M&A transactions*, while Strand Hanson is the No. 1 AIM Nominated Adviser for companies in the Oil & Gas sector, and a leading adviser in the Natural Resources sector**. The partnership combines Renaissance Capital’s leading position in securities sales and trading, equity and debt capital markets, M&A and research in the CIS and Africa with Strand Hanson’s acknowledged position as a leading AIM Nominated Adviser, UKLA Sponsor and Takeover Code practitioner.
Andrew Cornthwaite, Deputy CEO and Head of Investment Banking at Renaissance Capital, said,
“Renaissance Capital’s partnership with Strand Hanson creates a leading force on AIM. Together we expect to dominate capital raising for AIM companies and advise on M&A transactions from Renaissance’s traditional markets of Russia, Eastern Europe, Central Asia and Africa and further expand our reach to AIM companies globally, particularly those in the Oil & Gas and Mining sectors. The alliance will benefit both corporate and investor clients.”
The Hon. Robert Hanson, Strand Hanson’s Chairman said, “I am delighted to see Strand Hanson form this strategic alliance as it will particularly strengthen our offering to clients in emerging markets.”
Simon Raggett, Chief Executive of Strand Hanson, said, “This alliance represents another significant step forward in the development of Strand Hanson following our recent MBO and the appointment of Robert Hanson as Chairman. Renaissance Capital is a leading player in key emerging markets, particularly from a sales and research perspective, and its skills compliment our own reputation for advising natural resource companies on a range of corporate transactions including successful fundraisings and M&A deals. London as a financial centre is ideally positioned to continue to advise on the flow of funds and deals particularly from Asia, India, Africa, the Middle East and the CIS, while AIM has been a particularly successful conduit in this regard, and we believe it will continue to be the market of first choice for many successful businesses.”
* Bloomberg
** Hemscott
About Renaissance Capital:
Renaissance Capital is a leading investment banking firm in Russia, Central Asia, Eastern Europe and Africa. Renaissance Capital has market-leading positions in each of its core businesses -- M&A, equity and debt capital markets, securities sales and trading, research, and derivatives.
Renaissance Capital won the 2009 FT/Mergermarket award for Financial Advisor of the Year in Russia. The Firm tops the M&A league tables in Russia and the CIS for 1998-2009 by number of deals (Source: Mergermarket). The Firm also consistently tops the equity capital markets (ECM) league tables in Russia and the CIS (Source: Bloomberg and Thomson Reuters.
Renaissance Capital's Research team was ranked #1 across the Emerging EMEA region in Institutional Investor's 2009 survey. Renaissance Capital is part of the Renaissance Group.
Renaissance Group is an independent group of investment banking, asset and wealth management, merchant banking, and consumer finance companies specializing in high-opportunity emerging markets. Renaissance Group maintains offices in Russia, Ukraine, Kazakhstan, Sub-Saharan Africa, the United Kingdom, the United States and Cyprus.
www.rencap.com
About Strand Hanson
Founded in 1993, Strand Hanson has a strong track record in providing independent, high quality advice to public and private corporate clients, private equity houses and qualified investors across a broad range of sectors.
Strand Hanson’s diverse client base is drawn from a broad range of sectors and geographies – with a particular emphasis on natural resources. Strand Hanson is the No. 1 rated oil & gas adviser on AIM, as well as being a leading adviser in the mining and metals sectors.
Consistently ranked as a leading adviser to the FTSE AIM 100, Strand Hanson has acted on a significant number and range of transactions. In the past five years, it has been involved in numerous primary and secondary fund raisings and advised on M&A transactions with an aggregate transaction value of circa £5. billion.
In addition, Strand Hanson has extensive experience in advising activist investors and financial sponsor clients, both on corporate transactions and restructurings.
In April 2009, the management team, led by Chief Executive Simon Raggett, undertook a management buy-out of Strand Hanson Limited and in October 2009 welcomed The Hon. Robert Hanson as chairman and 9.75% shareholder. Robert has significant business interests in Asia, where both Strand Hanson and Renaissance Capital see great potential for significant corporate finance advisory roles, reflecting the increasing prominence of the region in global capital markets.
www.strandhanson.co.uk
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