Renaissance Capital is an emerging and frontier markets focused investment bank founded in 1995 in Russia. The firm has offices in Moscow, London, New York, Lagos, Nairobi, Johannesburg, Cairo and Nicosia. Since 2012, Renaissance Capital has been part of ONEXIM Group, one of the largest private investment holding companies in Russia, owned by Russian billionaire Mikhail Prokhorov. Renaissance Capital offers investment banking services in debt and equity capital markets, M&A, equity and equity derivatives, fixed income, FX and FX derivatives, commodities products, prime brokerage, research, as well as REPO and financing. As of 30 June 2021, the Firm’s total assets and equity amounted to $3.62bn and $476mn, respectively, and reported 1H21 net profit was $6.45mn. History Renaissance Capital was established in 1995 by a group of founding partners, including Stephen Jennings, Boris Jordan, Leonid Rozhetskin, Anton Kudryashov and Richard Deitz. On September 22, 2008, ONEXIM Group and Renaissance entered into a strategic partnership whereby ONEXIM Group purchased a 50% (minus one share) stake in Renaissance Capital for $500 million following the issuance of new equity, commenting that the acquisition “presents the opportunity to take Renaissance Capital to the next level”. In 2010, Renaissance Capital paid 207 million rand ($27 million) to acquire Barnard Jacobs Mellet Securities Ltd., the South African stock brokerage. In November 2012, ONEXIM Group acquired further stakes in Renaissance Capital which resulted a full ownership of the investment bank and indirect ownership of an 89% stake in the consumer finance bank Renaissance Credit. Commenting on the deal, Dmitry Razumov, chief executive officer of ONEXIM Group, said “We strongly believe in the strategy of Renaissance Capital and that the financial resources of ONEXIM will only strengthen the unique position of the bank in the markets in which it operates.” The transaction was completed in April 2013, following the receipt of all necessary regulatory approvals. Renaissance Capital has been active in Africa for several years. The firm established a presence on the continent in 2007 with locations in Lagos and Nairobi and opened offices in Johannesburg, Cape Town and Cairo in 2010, 2015 and 2017 respectively. In April 2017, Renaissance Capital announced the upcoming opening of its Cairo office, focusing on investment banking, financing and research, and received its licence to operate in the country later that year. In July 2019, Renaissance Capital became a trading member of Astana International Exchange (AIX) in Kazakhstan. Management Since April 2017, Renaissance