Investment houseRUB 300m – 5bn
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Transactions & PortfolioTransactionsOwn portfolio

An investment house: our own portfolio and advisory practices for owners of capital

We invest in assets ourselves and we run our clients' transactions — the sale and purchase of businesses, real estate and development, ownership structure and capital after exit. Transaction range: RUB 300m – 5bn.

200 000 m²
delivered to date
50 000 m²
under management today
> $1bn
aggregate M&A value the partners have taken part in
RUB 300m – 5bn
transaction range

Four practices

An owner's question usually spans several disciplines at once. A business sale runs into ownership structure, structure runs into tax, tax runs into residency. We cover the whole route.

PRACTICE 01

Mergers & Acquisitions

End-to-end sale of a business, acquisition search against an investor's criteria, independent valuation, due diligence, deal packaging and support through to closing.

M&A practice →

PRACTICE 02

Real Estate & Development

Commercial property, hotel assets, management and development projects. Here we hold our own portfolio alongside client mandates.

Real estate practice →

PRACTICE 03

Capital & Structuring

Deal finance, ownership and settlement structure, choice of jurisdiction, the tax map of the transaction, bank and project financing.

Capital practice →

PRACTICE 04

Private Clients

What happens to an owner after the exit: tax, residency, capital allocation and banking infrastructure abroad.

Private clients →

There are four practices. Each one exists because it answers the question the previous one opens.

How an investment house differs from an adviser

ADVISER

Sells hours

Earns on the process. The risk ends with the report: the fee is collected before the result of the recommendation becomes visible.

FUND

Manages other people's money

Follows its investors' mandate and the fund's horizon. Your situation matters to it exactly as far as it fits the strategy.

INVESTMENT HOUSE

Holds its own assets

We have been through acquisition, management and disposal on our own properties. Valuation is therefore built on the buyer's logic: cash flow, risk and entry price.

More on the model →

Transactions

The parties are protected by confidentiality agreements, so the assets are described on a no-names basis.

AQUACULTURE · KAZAKHSTAN · SELL-SIDE · 2023

Sturgeon farming complex

Sturgeon and black caviar production. Valuation, packaging, outreach to strategic buyers in Russia and Kazakhstan, work with audited IFRS accounts.

AGRIBUSINESS · RUSSIA · SELL-SIDE · 2023

Poultry farm and apple orchard

Two assets in a single process. Work with a federal agricultural holding and with a top-10 state bank, including clearance through the bank's compliance procedure.

FOOD MANUFACTURING · RUSSIA · SELL-SIDE

Premium chocolate producer

Valuation established that the owner's price expectation sat above the market. Instead of taking the asset out to buyers we prepared a plan to improve margins.

All transactions →

Insights

We publish what we calculate ourselves, and we name the source behind every figure.

SUCCESSION

The owner turns sixty: the question of succession

The demographics of Russia's first generation of entrepreneurs and what they mean for an individual company.

Read →

VALUATION

What your business is worth, and why the buyer arrives at a different number

Multiples, normalised EBITDA, net debt and working capital — where exactly the two figures diverge.

Read →

AFTER THE SALE

What happens to the money after a sale

Taxation of share disposals in 2026 with references to the Russian Tax Code, residency and capital allocation.

Read →

All insights →

One question instead of an eight-field form

Tell us what the asset is and what you want to do with it. That is enough for us to establish whether this is our mandate and to reply on the substance.

Write to us or directly to ma@maxcapital.ch