Soul Partners

What Soul Partners does

Soul Partners is a Kyiv-based investment banking boutique founded in 2009 by Igor Verhogliad and Vitaliy Provotorov. The firm provides professional financial advisory services to Ukrainian business owners, institutional and strategic investors, and SMEs across multiple sectors including IT/TMT, agriculture, renewable energy, logistics, manufacturing, and healthcare.

The company's core offerings include sell-side and buy-side M&A advisory (business valuation, marketing materials, investor outreach, due diligence coordination, deal structuring, closing support), debt and equity financing attraction from international financial organizations (notably EBRD) and strategic/financial investors, and complex debt restructuring involving IFIs, bank syndicates, and state/private banks. Beyond traditional IB services, Soul Partners has built a complementary practice around grant consulting for USAID programs (AGRO, CEP, ERA) and government initiatives such as the 'eRobota' 'New Level' program, alongside SME training and acceleration programs.

The firm operates with a lean 6-person core team (2 Managing Partners, 1 Director, 3 Senior Associates/Specialists) and has executed more than $700 million in cumulative transaction value across over 30 deals. Both Managing Partners and senior staff previously held roles at Big 4 firms (EY, KPMG, Deloitte) and Concorde Capital. Notable mandates include the first-ever Tencent investment in a Ukrainian business (4A Games), the $68 million Creatio minority round led by Volition Capital and Horizon Capital, and the LeBoutique sale to DCH Group. Revenue is generated through negotiated advisory fees per engagement, with no disclosed standard pricing tiers.

Name

Soul Partners

Legal name

Soul Partners

Website

https://soulpartners.com.ua

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Soul Partners is a Kyiv-based investment banking boutique providing M&A advisory, financing attraction, and debt restructuring services to Ukrainian business owners, investors, and SMEs across IT, agriculture, renewable energy, and manufacturing sectors.

Ownership category

akta.pro rank

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. M&A Advisory Services: Professional advisory fees for sell-side and buy-side M&A transactions, including business valuation, deal structuring, due diligence support, and transaction closing support.
2. Investment Attraction Services: Advisory services for attracting debt and equity financing from international financial organizations, banks, and strategic/financial investors.
3. Debt Restructuring Advisory: Professional services for complex restructuring deals involving IFIs, bank syndicates, and private banks.
4. Grant Consulting Services: Advisory services for helping businesses obtain grants from various programs including USAID programs and government programs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Soul Partners is a Kyiv-based investment banking boutique providing professional financial advisory services to business owners and investors. The firm specializes in sell-side and buy-side M&A advisory, debt and equity financing attraction from international financial organizations, banks and strategic/financial investors, and complex debt restructuring transactions involving IFIs, bank syndicates and private banks. Supplementary services include grant consulting and training programs for SME clients, particularly in cooperation with USAID programs.

Product overview

Soul Partners is an investment banking boutique offering a portfolio of advisory services centered on M&A transactions, investment attraction, and debt restructuring. The core offerings include sell-side and buy-side M&A advisory, debt and equity financing attraction, and debt restructuring services. Supporting services include grant consulting, business acceleration programs, and grant training programs. The firm does not offer a unified software product but rather provides professional financial advisory to business owners and investors.

Differentiator

Problem solved

Functional benefit

Products and services

• M&A Advisory
• Investment Attraction (Debt and Equity Financing)
• Debt Restructuring Advisory
• Grant Consulting Services

Named customers13 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and major.

• USAID CEP (Competitive Economy Program)coreStrategic or Co-development Partner · 1 January 2021Joint training program for SMEs and regional authorities on grant applications. Conducted 18 training sessions and provided 100 individual consultations on state grant programs including 'New Level' program up to UAH 8 million.
• USAID ERA (Economic Resilience Activity)coreStrategic or Co-development Partner · 1 January 2020Joint project to attract investment financing for businesses in Eastern Ukraine (Donetsk, Luhansk, Zaporizhzhia regions). Successfully secured financing exceeding initial targets for two hydraulic cylinder producers.
• USAID AGROcoreStrategic or Co-development Partner · 1 January 2019Joint business-acceleration program for agro-processing SMEs. Soul Partners selects participants, provides training on financing attraction, and offers 6-month technical support for selected businesses to help them access investment capital.
• Baker Tilly UkrainemajorStrategic or Co-development PartnerJoint e-commerce market research in Ukraine. Baker Tilly contributed audit expertise and business consulting to the comprehensive market study that revealed $4 billion e-commerce market size.
• AequomajorImplementation/ SI/ Consulting PartnerJoint e-commerce market research and legal advisory partner for M&A transactions. Provided transaction support and dispute resolution services for deals including Tencent-4A Games investment.
• Ministry of Economy of UkrainecoreStrategic or Co-development PartnerPartnership for government grant programs under 'eRobota' initiative. Soul Partners provides training and consulting on grant applications for processing enterprises.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Concorde Capital: Largest independent Ukrainian investment bank providing M&A advisory, capital raising, and securities trading. Directly comparable as a domestic Ukrainian IB boutique with overlapping sector coverage; notably, Soul Partners co-founder Vitaliy Provotorov was previously Managing Director in Concorde's Investment Banking Department.
• Dragon Capital: Leading Ukrainian investment bank and asset manager providing M&A advisory, equity brokerage, and direct investment. Comparable as a top-tier Ukrainian IB with similar M&A and capital-raising offerings to Ukrainian mid-market companies.
• ICU Group: Kyiv-based investment company offering investment banking, asset management, and brokerage services to Ukrainian businesses and government. Comparable as a Ukrainian-headquartered advisory house serving overlapping corporate clients and intermediaries.
• Baker Tilly Ukraine: Top-10 Ukrainian advisory and audit firm providing M&A advisory and corporate finance. Soul Partners actively partnered with Baker Tilly on the USAID-sponsored e-commerce market study, and the firms serve overlapping entrepreneur clients in mid-market transactions.

Broad incumbents

• KPMG Ukraine (Deal Advisory): Big 4 transaction advisory practice in Ukraine covering M&A, due diligence, and valuations. Comparable as competition for larger mid-market mandates and as a training pedigree — multiple Soul Partners senior staff were former KPMG auditors/associates.
• Deloitte Ukraine (M&A / Transaction Services): Big 4 transaction services practice in Ukraine providing due diligence and M&A advisory. Direct competitor for bigger mid-market mandates; also matches as a training pedigree, with both Managing Partner Provotorov and Director Dzhus formerly at Deloitte.
• EY-Parthenon Ukraine: EY's global strategy and transactions practice with a Ukrainian presence offering buy-side and sell-side advisory. Comparable as Big 4 competition and as a career origin for co-founder Igor Verhogliad, who began his career as an auditor at EY Ukraine.
• Houlihan Lokey: Global independent investment bank with a strong M&A and restructuring franchise. Comparable as a specialist advisory boutique competing for the same type of mid-market and restructuring mandates that Soul Partners pursues in Ukraine.
• Rothschild & Co: Global independent financial advisory group with deep expertise in M&A, restructuring, and debt advisory. Comparable as a high-end boutique IB peer in restructuring and cross-border advisory mandates that overlap with Soul Partners' deal portfolio.

Others

• Aequo: Leading Ukrainian law firm providing legal advisory for M&A, dispute resolution, and transactional work. Soul Partners' co-advisor on deals such as the Tencent-4A Games transaction and joint e-commerce research partner — an ecosystem collaborator rather than a direct competitive peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/soulpartnersib
• LinkedInlinkedin.com/company/soulpartners

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Soul Partners