Econnext as Capital Markets and Impact Advisor
Advisor to ProCredit Holding in the context of its listing at the Frankfurt Stock Exchange
Impact Investing goes public!
Econnext acted as listing advisor for the top management of ProCredit Holding, a profitable, development-oriented commercial banking group for SMEs with focus on Eastern Europe. ProCredit is an impact investing show case and success story: professional local banks in less developed markets were historically built by enthusiastic founders (Zeitinger family and IPC) with the support of catalytic capital by development banks (KfW, IFC, FMO, BIO etc.) and early impact investors (DOEN Foundation, responsAbility, TIAA , Omydiar Tufts etc). By applying state of the art banking know-how to SMEs in countries in transition the local ProCredit banks contribute to the stabilization of the financial systems and economies. The successful listing in the Prime Standard segment at the Frankfurt Stock Exchange will facilitate the broadening of ProCredit’s private shareholder base and the realization of the attractive growth potential. Econnext was delighted to support this landmark transaction as listing advisor in order to contribute to the mainstreaming of the impact investment market.