RenCap in African Banking Group Investment

September 20, 2007

Cleary Gottlieb is advising Renaissance Capital Group in its 24.99% minority investment in Ecobank Transnational Incorporated.

RenCap is the leading independent investment banking firm in Russia and the Commonwealth of Independent States. Since its inception in 1995, it has raised over $50 billion — more than any other financial institution in the region. A private investment banking firm wholly owned by management and employees, RenCap is part of an independent group of finance and investment companies specializing in high-opportunity emerging markets.

ETI is the parent company of the Ecobank Group, a leading regional banking group in West and Central Africa serving wholesale and retail customers. It has a network covering 18 countries.