VTB Capital is eyeing more restructuring deals in emerging markets after acquiring debt-laden Bulgarian telecom operator Vivacom last year, a senior executive said.
"We are using the Vivacom example and market it very proactively to find new opportunities", Atanas Bostandjiev, chief executive of UK and international operations at VTB Capital, said at the firm's Russia Calling Investment Forum in London.
"We are looking at deals that are either too complex or too big to execute for international banks and where we can co-invest, finance and advise," Bostandjiev said.
Equity investment and financing are the most profitable businesses at the moment for VTB Capital, part of banking group VTB, Bostandjiev said.
VTB Capital took over Vivacom alongside the company's main creditor, Bulgaria's Corporate Commercial Bank, in November after its debt reached 1.65 billion euros ($2.1 billion).