Salute Advisory —
an investment banking advisor

We provide end-to-end advisory services in M&A transactions, private equity, bank and mezzanine finance, debt restructuring projects
60+ deals
successfully closed
by Salute Advisory team
$5+ bn
total value of completed
transactions
The team of Salute Advisory possesses extensive cross-industry expertise and in-depth knowledge of Russia’s investment landscape

Project Finance

Banking and Mezzanine Finance

Management Buyout

Buy-side M&A

Equity Capital Raising

Sell-side M&A

Services

Salute Advisory assists clients in effectively addressing challenges related to M&A transactions (both buy-side and sell-side), as well as securing private equity, bank, and hybrid financing

Selected deals

Over the past decade, Salute Advisory has successfully closed 60+ M&A and financing deals across diverse sectors

Selected deals

Over the past decade, Salute Advisory has successfully closed 60+ M&A and financing deals across diverse sectors
    KNOW MORE

    Salute Advisory provides executives and shareholders with tailored solutions for the following business challenges

    Comprehensive sell-side advisory covering every stage from investor sourcing and deal structuring to due diligence and successful closing

    Sale of 100%
    or a stake in a company

    Guiding buyers in M&A deals targeting purchases of strategic assets, business expansion, entering new markets, portfolio diversification

    Acquisition
    of assets

    Advisory services for equity, debt, and hybrid financing solutions to support M&A transactions, business expansion, working capital needs, or debt restructuring

    Capital raise

    Developing strategic refinancing programs to ensure operational continuity and value protection

    Restructuring
    of current debt

    Team

    Evgeny Penkin

    Managing Director
    With over 15 years of experience in investment banking, Evgeny has successfully executed more than 40 transactions totaling over $5 bn.

    Evgeny assists the clients in resolving the classical task of "buy low, sell high". His industry expertise covers M&A projects in manufacturing, financial, and digital assets.

    Evgeny’s completed transactions range from securing strategic and financial investors to restructuring distressed assets and arranging mezzanine financing. The footprint of deals spans beyond Russia to include CIS countries, Western Europe, and the U.S.

    Evgeny graduated with MBA degree from University of Chicago Booth School of Business, and before that he had graduated with honors from the Izhevsk State Technical University and the RUDN University.

    Evgeny was a board member of Renaissance Insurance Group and GT Energo. In 2013-2025, he has been the CEO of the Sputnik Foundation for the Development of Children’s and Youth Football.

    Polina Flink

    Director
    Polina brings extensive experience in launching and scaling ventures, securing strategic investors, and closing early-stage deals. She specializes mainly in financial services, consumer, and IT sector projects.

    Polina is a shareholder and managing director of Digital Native venture builder (ex-Digital Horizon), and she led a team which in recent 4 years successfully closed 5 deals related to the sale of own assets with an 81% IRR.

    In 2023, Polina was awarded with the special prize "For rapid development of innovative business solutions" at the "Women Entrepreneurs" contest.

    Polina graduated from the Financial Academy with a degree in World Economy.

    Konstantin Yuzhakov

    Vice President
    Konstantin focuses on projects in transport and logistics, metals & mining, utilities, healthcare, telecom and media sectors.

    Konstantin participated in the sell-side and buy-side M&A and capital raising transactions valued at more than $1 bn.

    He joined the Salute Advisory team in 2016, and before that he had been working in KPMG (Deal Advisory department) for 3 years where he participated in business valuation and debt financing advisory projects.

    Graduated with Bachelor and Master degrees from the Novosibirsk State University.

    Kirill Pronin

    Associate
    Kirill is highly experienced in valuation, due diligence, business restructuring, and audit activities.
    He concentrates mainly in projects related to IT, finance, and industrial markets.

    Kirill joined the Salute Advisory team in 2023 and participates in M&A and fundraising projects.

    Previously, Kirill worked in transactional department of B1 Group, finance department of Kaspersky Lab, and in the department of finance companies' services of B1 Group.

    Kirill holds the Bachelor degree from the Lomonosov Moscow State University, Faculty of Economics.

    Anton Ivakhnenko

    Analyst
    Anton primarily specializes in projects in the oil & gas industry, mining and consumer sectors.

    He joined the Salute Advisory team in 2024, participates in the team’s key projects in M&A and fundraising.

    Previously Anton worked in the strategy and development department of AFK "Sistema" and in the vertically integrated oil & gas company ForteInvest.

    Anton graduated with a bachelor’s degree from HSE "Economics and Statistics", and currently he is studying at HSE’s master’s programme "Finance".

    Maria Malakhova

    Analyst and designer
    Maria contributes to various Salute Advisory projects by conducting market and investment landscapes research and compilations of industry-specific and macroeconomic statistics.

    Maria specializes in creating and editing investor presentations and other pitching and working materials, copywriting, and translations. With over 10 years of experience, she brings additional expertise in data visualization, graphic and web design.

    Maria graduated from the Russian State University for the Humanities.

    Media mention

        Career

        Salute Advisory offers transparent career trajectory and professional development in a friendly work environment
        VACANCIES
        IBD Intern/Analyst
        Key responsibilities of the role:
        • Financial modeling and valuation
        • Preparation of presentation materials (proposals, teasers, investment memoranda)
        • Participation in development of deal structure and drafting term sheets
        • Coordination of third-party consultants (DD, legal advisors etc.)
        • Direct communication with the clients on various matters related to the execution of transactions

        Position requirements:
        • Bachelor’s degree from a leading Russian or international university (HSE, MSU, NES, MIPT, NSU, FA, etc.)
        • 0.5−2 years of relevant work experience (primarily within PE, IB, Big4 corporate finance, in-house M&A, etc.)
        • Strong quantitative, analytical, communication and interpersonal skills
        • Solid financial modelling skills
        • Fluent verbal and written English
        • Participation in CFA program as a plus

        Please send your CV to Konstantin Yuzhakov kyuzhakov@salutead.com
        IBD Intern/Analyst