In 2010 Renaissance Capital established an exclusive joint venture with Citadel Investment Services, one of the top advisors in Southeast Europe, to offer a full range of investment banking services across the Balkan region.

The joint venture, Renaissance Citadel, brings world class expertise and advisory services to corporations, governments and institutions as well as investors targeting the region. The alliance covers Serbia, Croatia, Slovenia, Bulgaria, Romania, Macedonia, Bosnia and Herzegovina, Montenegro and Albania.

The provided services include equity and debt capital markets transactions (including initial public offerings, private placements of equity and debt, follow-on offerings, block trades, public and corporate debt offerings, equity-linked instruments) and advisory services such as mergers and acquisitions, divestitures, spin-offs and privatizations. In addition, the joint venture will provide research on the region.

Citadel Investment Services, founded in 2001 in Belgrade, expanded rapidly as the key broker in Serbian privatisation sales after the fall of Slobodan Milosevic, former Yugoslav president. It pioneered the market for financial and investment advisory services in Serbia expanding in subsequent years throughout the Balkans region to become a local leader in the fields of M&A, corporate finance, brokerage, equity capital markets, debt capital markets and real estate consulting. Its diversified client base includes domestic and international corporations, governments, financial institutions, high-net-worth individuals and entrepreneurs. Citadel has the largest and the most experienced investment banking team in the region.