iBanker.jp

Goldman Sachs just admitted they put Russia at the bottom of investment attractiveness within "Big 8" country group, at least within the private equity space. Why am I not surprised?

  Карикатура №: 136 (2654), 26.07.2010 http://www.vedomosti.ru/ ■

The following link to an FT article is an interesting piece of reading. I follow with some comments in Russian. Даже не будучи специалистом в российском законодательстве, и зная об особенностях национального бизнеса только из комментариев бывших одноклассников и знакомых бизнесменов, сразу вижу в этом проекте легко узнаваемый шаблон: президент сказал "надо!", и все бросились поднимать "наш ответ Силиконовой Долине". Начинание похвальное, но оно игнорирует принципиальное отличие Калифорнии от Подмосковья: отлаженную правовую базу. Какие бы там не создавались "зоны" и "технопарки", до тех пор пока регистрация нового предприятия исчисляется не в днях, а в месяцах, никакой "Силиконовой Долины" в России не будет. И как говорится, как бы я хотел, чтобы я был не прав! US fund set to invest in Russian tech hub : "Siguler Guff, the private equity group, will invest $250m in a high-technology hub outside Moscow" ■

A surprisingly large number of companies in Japan are into Russia-focused M&A Recently I had some opportunities to talk to the bankers in the second-tier companies, and I was surprised by how strong and practical their interest to M&A deals between Japanese and Russian companies is. Although I am not at liberty to mention the company names, I am aware of one Japanese bank that has formed a partnership with a leading Russian brokerage/investment bank and is currently sourcing deals, of one Japanese diversified financial holding that is keen on Russian real estate, and one German bank that apparently has a dedicated team for this kind of deals. And I have a suspicion that this is only the tip of the iceberg. What is most surprising for me, is that the two Japanese financial behemoths, to one of which I belonged until very recently, apparently talk about Russia more than actually do anything. It is the second-tier companies that walk the talk. It is definitely a good news for me...