Omada Capital most likely buyer for Lithuanian Finasta - reports
VILNIUS. May 16 (Interfax) - British investment bank Omada Capital is the most likely buyer for the Lithuanian investment bank Finasta group, in which Russia's Investtorgbank and M2M Private Bank were also interested.
The eversus.lt portal, citing unofficial information, said Omada Capital had made the best proposal for the purchase. Sources said the British bank had offered around 10 million euros for Finasta.
Omada Capital is not well known in Lithuania. British market participants say it is "a two-people organization, who mostly work as advisors, but sometimes invest as well - together with their clients," the portal said.
Omada Capital positions itself as a European investment bank that specializes in investment banking and asset management. The bank has two partners Peter Hellman and Shahram Shoraka, who have experience of working in investment banks in the United States and Europe.
Snoras Bankruptcy Administrator Neil Cooper said last week that talks with investors on the sale of the Finasta group and leasing company Snoro lizingas were in their closing stages.
Finasta Bank was established at the end of 2008. It is managed by the Snoras - Finasta Holding group. The Finasta investment bank group of companies includes Finasta Bank, Finasta brokerage company, Finasta Corporate Finance, Finasta Asset Management, operating in Lithuania and Latvia, and Snoras Capital Markets, operating in Russia.