SwanLake Capital

What SwanLake Capital does

SwanLake Capital is a boutique investment consulting and advisory firm founded in 2016 by Anton Yakhimovich (former BDO Belarus auditor) and headquartered in Minsk, Belarus, with additional offices in Vilnius (Lithuania), Kyiv (Ukraine), and Limassol (Cyprus). The firm operates as a relationship-driven boutique investment bank serving corporate clients and high-net-worth individuals across the CIS and Central and Eastern Europe markets, with a small core team of approximately seven professionals led by Managing Partner Alexander Kershteyn (20+ years M&A experience) and Associate Hanna Yadchanka (ex-Deloitte Financial Advisory, ex-JTech Advisory). Its core product portfolio comprises M&A advisory, fundraising services (debt and equity), debt restructuring, wealth management consulting, real estate investment services, foreign-investor market-entry support, and proprietary analytical products; adjacent services include management consulting and integrity due diligence. The underlying technology layer is described generically as an investment consulting and financial advisory platform with no disclosed proprietary AI, data, or SaaS components.

The firm's revenue model is professional-services based, deriving income from advisory retainers and success/transaction fees on closed mandates. SwanLake has positioned itself as a sole financial adviser on cross-border CIS/CEE deals, with nine or more disclosed transactions over five-plus years including the €16 million sale of Idea Bank Belarus to MTBank, the €9.4 million sale of FransaBank Belarus to Alfa-Bank Belarus, €7 million EBRD financing for LeanGroup, €5 million EBRD mezzanine financing for Apteka Group, and the 2024 sale of a majority stake in Finup24 to an international investor. Its go-to-market is sales-led and referral-driven, leveraging personal networks of investment companies, banks, funds, business owners, and senior executives, supplemented by conference participation across the Baltics, Western Europe, and the CIS (Baltic VCA Summit 2025, How to Web 2025, Pareto Securities Energy Conference 2025, BelTech 3.0, Frontiers Health 2024). The firm is privately held and founder-owned with no disclosed institutional investment, subsidiaries, or parent entity.

Name

SwanLake Capital

Legal name

SwanLake Capital

Website

https://swanlake-capital.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

SwanLake Capital is a Minsk-headquartered boutique investment consulting firm offering M&A advisory, fundraising, debt restructuring, and wealth management services to corporate clients and high-net-worth individuals across the CIS and CEE markets, operating from four country offices with a 7-person team.

Ownership category

akta.pro rank

Product category

Investment Banking Advisory

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Debt Advisory & Financing Advisory (FSAEAGAD), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Investment banking advisory
• Mergers and acquisitions
• Private equity advisory
• Debt restructuring services
• Wealth management consulting

Headquarters

HQ city

Minsk

HQ country

Belarus

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Investment Banking Advisory: Professional advisory services for M&A transactions, business sales, and strategic consulting. Revenue generated through success fees and advisory retainers for transaction execution.
2. Fundraising Services: Assistance in attracting debt and equity financing for business development. Revenue model based on transaction fees tied to successful capital raise.
3. Wealth Management Consulting: Investment consulting services provided to private clients on professional level.
4. Debt Restructuring: Advisory services for companies facing macroeconomical instability to restructure debt burden with creditors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

SwanLake Capital is a boutique investment consulting firm providing investment banking, M&A advisory, fundraising, debt restructuring, wealth management, real estate, and foreign investor support services to corporate clients and high-net-worth individuals across CIS and Central and Eastern European markets. The firm also develops proprietary analytical products and offers management consulting and integrity due diligence services.

Product overview

SwanLake Capital is an investment consulting firm offering a comprehensive suite of financial services organized around investment banking, capital raising, and M&A advisory. The core product portfolio includes M&A Advisory (full-cycle transaction support from target identification to closing), Fundraising Services (debt and equity financing strategies), Debt Restructuring, Wealth Management Consulting, and Real Estate Services. Additional services encompass Management Consulting and Integrity Due Diligence. The firm also develops proprietary Analytical Products for market analysis. Services are delivered with a focus on the CIS and Central and Eastern Europe markets, supported by extensive networks of investment companies, banks, funds, and business contacts.

Differentiator

Problem solved

Functional benefit

Named customers9 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

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Aton: Russian-domiciled full-service investment bank active across CIS equities, debt capital markets and M&A. Comparable to SwanLake Capital in CIS market focus and advisory-plus-capital-markets offering, though it operates at materially larger scale and from a different primary jurisdiction.

Broad incumbents

• BDO Belarus: Belarus member firm of the BDO global advisory network, where SwanLake founder Anton Yakhimovich began his career as an auditor. Comparable as a Belarus-domiciled financial-advisory competitor for the same corporate and private clients SwanLake serves in Minsk.
• Bank of Cyprus – Investment Banking: Cyprus-based universal bank with a corporate-and-investment-banking franchise servicing CEE, Russia/CIS and Greek clients. Comparable to SwanLake Capital as a regional advisor with a Limassol/Cyprus nexus for cross-border CIS structuring work.
• EY-Parthenon: Strategy-led M&A and transaction advisory arm of EY with strong CEE coverage. Comparable to SwanLake Capital for cross-border mid-market M&A mandates and corporate-finance advisory work, albeit with materially larger sector-coverage teams.
• Deloitte Financial Advisory: Global Big Four advisory practice offering M&A, due diligence, valuation and restructuring across CEE and CIS. Comparable because Hanna Yadchanka previously served on its pan-Baltic team and because Deloitte is a direct competitor for the same mid-market advisory mandates SwanLake targets.
• PwC Advisory: Big Four advisory network with strong deal-advisory and corporate-finance practices across CEE/CIS. Competes with SwanLake Capital for mid-market M&A, due diligence, valuation and capital-raising mandates involving international counterparties.
• KPMG Advisory: Big Four advisory firm with established deal-advisory, restructuring and corporate-finance practices across CEE/CIS. Competes with SwanLake Capital for the same mid-market M&A, due diligence and fundraising mandates, particularly where international counterparties require Big Four counterparty diligence.

Direct peers

• JTech Advisory: CEE-focused boutique M&A and capital-raising advisory with a strong technology-sector specialisation, comparable in size and regional focus to SwanLake Capital. Direct peer because Associate Hanna Yadchanka previously worked on JTech's deal team (which closed 3 tech-sector deals), confirming overlapping client base and execution model.
• Altus Capital: Polish/Central European boutique investment bank providing M&A advisory, debt restructuring and capital-raising services to mid-market clients. Comparable to SwanLake as a regional, relationship-led advisory boutique with cross-border CEE deal flow and a similar service mix.
• Wood & Company: Prague-based investment bank with deep CEE/CIS research and M&A advisory franchise. Comparable to SwanLake Capital in its CEE cross-border mid-market M&A focus, though larger in headcount; serves as a benchmark for the regional boutique model SwanLake aspires to.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/swanlake-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 SwanLake Capital