![]() | December 2009Avanko Capital advises Danish Skamol A/S on acquisition of a majority share of the brick business of Diatomovy Kombinat, Russia |
![]() | November 2009Avanko Capital sponsored Mergers.ru research on the Russian M&A market 9M' 2009 Avanko Capital has sponsored the annual research project of Mergers.ru dedicated to the analysis of the main events and trends in the Russian M&A market during the first nine months of 2009. This analytical report covers all the significant, completed M&A deals that took place in Russia from January to September 2009. Five hundred and forty six deals were concluded during this period, comparable to the results for the same period of 2003 but down by 43% on the same period in 2008 (964 deals). The total market value of this activity was $41.4 bln or about 4.6% of the GDP of the Russian Federation. This was 58% down on the first nine months of 2008. At the same time, compared to the results of the first half of the year, the decrease in market size in value terms has slowed. In the M&A process the largest players continued to dominate: 13% of the deals resulted in 90% of total income, and the average deal value was about $97.7 mln. One third of the market (in value terms) was formed by the largest deals in the oil and gas sector with the participation of such companies as Gazprom Neft, Russneft, Novatek, SeverEnergia. A substantial reduction of crossborder M&A activity, including a twofold decrease (in value terms) of inbound transactions (9% in 2009 as against 18% in 2008), was a negative trend over this period. Among other structural alterations, an increase in the share of consolidation deals was mentioned. These kinds of deals filled a niche temporarily emptied by a lack of merger deals and also pushed back acquisitions. Generally, based on the research data, the market size (in value term and number of deals) is forecast to continue to decrease until the end of 2009. According to experts#39; estimates, market volume in value terms will decrease by at least 40% in comparison with the results for 2008. Nevertheless according to Sergey Boltramovich, head of the Economic analysis department of Avanko Capital, an increase in oil prices is one of the most important drivers of Russian M&A market development. "If this is the beginning of another period of expensive oil, the next wave of market growth is around the corner," he said. Projects members www.mergers.ru is an independent analytical platform dedicated to comprehensive insight and data presentation in the different aspects of theory, practice and legal issues of M&A. Within the project, information on more than 8,800 deals (worth $500 billion) has been accumulated. Download the report in Russian |
![]() | August 2009Avanko Capital honored by ACQ Magazine with the "Investment bank of the year (boutique) - Russia" awards |
![]() | March 2009Avanko Capital sponsors research project into the Russian M&A market in 2008 by Mergers.ru |
March 2009
Avanko Capital becomes an official partner of Kommersant Publishing House's evening reception and 'Top Manager' awards
February 2009
Avanko Capital advises executive search and recruitment company Brainpower on its sale to BPI Group
![]() | December 2008Avanko Capital wins "The Best Employer 2008" title |
November 2008
Avanko Capital advises Russian recruiting company AVANTA Personnel on its sale to Adecco S.A.
November 2008
Urals Cluster Study - a new joint research work by Avanko Capital and ETLA for the Ministry of Employment and Economy of Finland






