Adamant Capital

What Adamant Capital does

Adamant Capital is an independent Ukrainian investment company founded in 2009 and headquartered at Volodymyrska St, 4 in Kyiv. It operates as a multi-service capital markets intermediary offering asset management, brokerage, investment banking advisory, and debt restructuring/factoring services to Ukrainian corporates, financial institutions, and high-net-worth individuals. The firm is part of the Adamant Group owned by Olena Velyka and operates a regulated subsidiary, Adamant Securities LLC, under multiple NSSMC licenses (brokerage, dealer, sub-brokerage, asset management) accumulated since 2012. Infrastructure partnerships span PFTS Stock Exchange, JSC Universal Bank, and Paperless.

The firm earns revenue through a combination of management fees on assets under management, brokerage commissions, advisory retainers and success fees on M&A and restructuring mandates, and fees from more than 80 executed debt restructuring transactions totaling approximately 3 billion UAH. Typical transaction sizes range up to roughly $100M, with notable cross-border mandates including the sale of EFG Eurobank's Ukrainian subsidiary (~$46M) and advisory to the Belarusian Insurance Company. Named clients span banking (MTB Bank, Universal Bank), insurance (Grawe, Belarusian Insurance Company), and healthcare (Eximer Clinics).

Adamant Capital differentiates itself through a credentialed team that includes CFA and CAIA charterholders with prior tenure at Goldman Sachs, Horizon Capital, KBC Securities, and Galt & Taggart. With 9 employees, the firm operates as a boutique; its September 2025 appointment of Oleksandr Panchenko, former Minister of Economic Development, as Chairman of the Supervisory Board signals an intent to access state-linked and sovereign restructuring mandates. Operational technology stack and AI/data capabilities are not publicly disclosed beyond senior staff credentials in AI and data science.

Name

Adamant Capital

Legal name

Adamant Capital LLC (ТОВ «Адамант Капітал»)

Website

https://adamant-capital.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Adamant Capital is a Kyiv-based independent Ukrainian investment company founded in 2009, offering asset management, brokerage, investment banking advisory, and debt restructuring services to corporates, financial institutions, and HNW clients across Ukraine and select CIS markets.

Ownership category

akta.pro rank

Product category

Investment Banking & Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYBPAHADAB

Corporate Finance & Capital Advisory

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Strategy & Corporate Finance Advisory

SECONDARYFSAEAGAC

Capital Raising Advisory (Equity & Equity-Linked)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/M&A Advisory & Corporate Finance

SECONDARYBPAHAOAE

Equity Capital Advisory (Private Equity Placements, Growth Capital)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

SECONDARYBPAHADAG

Capital Raising Advisory (Debt/Equity/Private Capital)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Strategy & Corporate Finance Advisory

Keywords

• Asset management services
• Investment banking advisory
• Securities brokerage services
• Debt restructuring advisory
• Corporate finance advisory

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, Technology or R&D, Others

Revenue model

1. Asset Management Fees: Professional investment portfolio management services for individual and corporate clients, including portfolio construction, management, and ongoing advisory. Fees likely include management and performance components.
2. Brokerage Commissions: Brokerage services for securities trading on PFTS Stock Exchange and OTC market. Adamant Securities LLC holds licenses for brokerage, dealer, and sub-brokerage activities.
3. Investment Banking Advisory: Corporate finance advisory including M&A transactions, capital raising (debt and equity), and financial restructuring advisory services. Primarily serves companies with deal sizes up to $100 million.
4. Factoring Services: Factoring and debt restructuring services including problem loan restructuring, loan buyouts through open bidding, and negotiations with banks.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Adamant Capital is an independent Ukrainian investment company founded in 2009 that delivers professional asset management (tailored portfolios across conservative, balanced, and aggressive strategies), investment banking advisory (M&A, capital raising, mezzanine financing for deals up to $100 million), licensed brokerage services via its subsidiary Adamant Securities LLC on PFTS and OTC markets, and debt restructuring and factoring services (problem-loan settlements, credit portfolio buyouts, bank negotiations) to Ukrainian enterprises, institutional investors, and individual clients.

Product overview

Adamant Capital is an independent Ukrainian investment company operating since 2009, offering a comprehensive suite of financial services through its main brand and subsidiary Adamant Securities LLC. The portfolio includes Asset Management (with conservative, balanced, and aggressive investment strategies), Investment Banking (capital raising, M&A, financial advisory), Brokerage Services (via Adamant Securities with licensed brokerage, dealer, and sub-brokerage operations on Ukrainian exchanges), Debt Restructuring and Factoring (problem debt settlement, loan buyouts), and Research & Analytics (weekly macro and fixed income reports). The services are coordinated through a team of investment professionals and delivered primarily to Ukrainian market participants and international investors interested in Ukrainian capital markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Management Professional portfolio construction and management services with tailored investment policies, offering conservative, balanced, and aggressive investment strategies for Ukrainian and international financial instruments (equities, bonds, derivatives, investment certificates, money market instruments). Designed for individual and institutional investors seeking professional portfolio management and diversification.
• Investment Banking Capital raising, M&A advisory, mezzanine financing, and financial consulting services targeting Ukrainian companies engaged in deals worth up to $100 million. Specializes in real estate, financial markets, agriculture, pharmaceuticals, natural resources, and consumer goods sectors. Serves as sole financial advisor on acquisitions, divestitures, and capital raising mandates.
• Debt Restructuring and Factoring Problem debt settlement services including factoring, financial restructuring, bank negotiations, loan portfolio buyouts from active and liquidating banks, and non-performing asset management. Designed for Ukrainian businesses facing problematic debt situations, creditors, and investors acquiring distressed assets.
• Brokerage Services Full spectrum of brokerage services for securities trading on PFTS Stock Exchange and OTC markets, including trading operations, depository services, and investment account management. Licensed by NSSMC for brokerage, dealer, and sub-brokerage activities (sub-brokerage approved June 2021). Specializes in traditional asset classes, particularly bonds.
• Research and Analytics Weekly fixed income and macro reports covering Ukrainian macroeconomic developments, company results, debt instruments, and market updates. Provides investment insights for portfolio management and supports client engagement. Archives span from 2015 to 2022.

Quantifiable outcome

• Over 80 debt restructuring transactions completed for more than 3 billion UAH
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• JSC Universal BankcoreTechnology or IntegrationPartnership for depository services. Adamant Securities works with JSC Universal Bank for securities account opening. Universal Bank holds NSSMC license for depository activities (series AE No. 263460, dated 01.10.2013) and has extensive experience handling all types of securities for legal entities, individuals, collective investment institutions, and pension funds.
• PFTS Stock ExchangecoreTechnology or IntegrationTrading partner for securities operations. Adamant Securities executes transactions on the PFTS Stock Exchange and over-the-counter market, trading equities, bonds, derivatives, investment certificates, and money market instruments.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Foyil Securities: Licensed Ukrainian brokerage and securities dealer providing trading and depository services on Ukrainian exchanges. Directly comparable licensed brokerage peer to Adamant Securities LLC.
• Concorde Capital: Ukrainian investment advisory firm specializing in capital markets, M&A, and equity/bond sales. Closest mid-market IB peer to Adamant's investment banking business with overlapping clientele in Ukrainian mid-cap M&A.
• ICU Group: Ukrainian asset management and investment advisory group providing portfolio management, brokerage, and corporate finance services. Direct peer in Ukrainian asset management and IB with similar local-market focus.
• Horizon Capital: Leading Ukrainian private equity firm with deep institutional ties (Adamant team has collaborated on Goldman Sachs/Horizon Capital-led deals). Comparable on Ukrainian corporate finance exposure, though Horizon focuses on PE rather than advisory.
• Dragon Capital: Leading Ukrainian investment company offering asset management, brokerage, IB advisory, and direct investment — virtually identical service mix to Adamant Capital but at substantially larger scale with broader international reach. Most directly comparable full-service Ukrainian investment boutique.
• SP Advisors: Smaller Ukrainian investment advisory boutique active in capital raising, M&A, and restructuring. Closest size-tier match to Adamant in the Ukrainian mid-market IB segment.
• Dragon Capital (Securities): Brokerage arm of Dragon Capital group — competes directly with Adamant Securities LLC on PFTS Stock Exchange order flow, equity research distribution, and institutional brokerage services.

Broad incumbents

• KPMG Ukraine: Big 4 firm in Ukraine offering deal advisory, restructuring, and corporate finance services. Comparable on restructuring mandates and corporate finance advisory for mid-large Ukrainian enterprises.
• Deloitte Ukraine: Big 4 advisory firm in Ukraine providing M&A, financial advisory, and consulting services. Competes with Adamant on larger cross-border M&A and financial restructuring engagements with international clients.
• EY Ukraine (EY-Parthenon): Big 4 advisory firm with M&A and transaction advisory practice in Ukraine. Competes with Adamant on larger corporate finance mandates while offering broader consulting services — overlapping on capital markets advisory for larger Ukrainian corporates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/adamant-capital-ua

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

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 Adamant Capital