Russia : Siguler Guff Buys Into Russia s MDM Bank.Byline: Mamta03 Siguler Guff has acquired a minority equity stake in MDM Bank MDM Bank is a Joint Stock Commercial Bank and one of Russia's largest banks headquartered in Moscow. The Bank was founded in December 1993 and holds a General Banking License issued by the Central Bank of Russia (#2361 dated 13 February 2003). , one of Russia s Russia, officially the Russian Federation, Rus. Rossiya, republic (2005 est. pop. 143,420,000), 6,591,100 sq mi (17,070,949 sq km). largest private banks, for an undisclosed amount. Brunel Capital served as broker. MDM (Modular Digital Multitrack) An audio recorder that mixes and records multiple tracks of digital audio. The two major MDM technologies are ADAT and DTRS. See ADAT and DTRS. was formed this past August via the merger of URSA Bank and MDM-Bank. Brunel Capital, a boutique advisory and M&A firm, has successfully brokered sale of a minority stake in MDM Bank to Siguler Guff (SG), a major New York-based private equity firm. MDM is one of Russia s largest private banks. The agreement marks the first significant foreign investment in the Russian financial sector since the onset of the financial crisis. SG will join a number of other international investors in MDM, such as the European Bank for Reconstruction and Development European Bank for Reconstruction and Development Bank targeted at Eastern Europe and the former Soviet Union. , the International Financial Corporation and DEG. We are proud we were able to help MDM enhance its shareholder structure and assist the bank in continuing its spectacular growth , said Brunel Capital s CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Max Atanassov. We were confident that even in this difficult economic climate, good assets can attract quality investors. We are convinced that investors such as Siguler Guff can add value to MDM. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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