SP Advisors is a full-service investment house with operations in Ukraine and Eastern Europe established in 2011. We have assembled a veteran management and corporate advisory team with experience in the Eastern European investment space. SP Advisors partners with companies in and outside of Ukraine, including leading investment banks and law, consulting, and audit firms.  

We assist international investors in identifying attractive Ukrainian assets and viable transactions. We also provide market insight and support, and offer advisory services to local companies seeking to raise capital and improve corporate governance standards. The SP Advisors team offers a one-stop shop for equity and debt instruments as well as corporate finance advisory.

Ukraine Politics: The Hawk, the Dove, and a Fragile Ceasefire 15.09.2014

Living in a new post-NATO Summit reality with no prospect for military action from the West on the horizon, Ukraine is preparing for the October parliamentary elections and aiming to maintain the ceasefire struck last week. To that end, Prime Minister Yatsenyuk’s hawkish stance stands in contrast to…
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TBC Bank (TBCB LI) Initiating Coverage 12.09.2014

We initiate coverage of TBC Bank, Georgia’s 2nd largest bank by assets and a newcomer to the LSE’s Main Market. With 20 years of strong expertise in the market, a unique franchise, and superior customer experience, TBC Bank has made an ambitious call to become the leading retail and SME bank in Georgia.…
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Avangardco 1H14: Weakening Macro Fundamentals Weigh on Financials 1.09.2014

The heavy hryvnia depreciation and sinking domestic demand had a major negative effect on Avangard’s 1H14 financials. We expect the 2H will be even more challenging, with a further decline in revenues and margin weakness ahead. Nevertheless, operationally the company remains healthy, and liquidity…
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