Our Story

Baltic Partners combines local knowledge, international experience, high level of integrity and independence, which allows us to provide valuable financial advice and make sound investment decisions.

Baltic Partners advisory business was established in September 2016 by Valeri Kulitski, Dmitry Smirnov and a team of seasoned professionals with significant experience in a field of corporate finance advisory to provide independent financial advisory services in the Baltic countries, broader CEE region (including Ukraine) and the Nordics.

Since inception Baltic Partners team has acted as financial advisor in several high-profile sell-side and buy-side M&A deals in the region mainly with involvement of private equity funds.

In September 2025 Baltic Partners teamed up with fund management company 1 Asset Management and, with investments from Latvia’s national development bank ALTUM and Lithuania’s ILTE, announced the launch of the Baltic Capital Markets Acceleration Fund – a private equity fund with target size in access of €50 million, which will provide long-term support to Baltic companies preparing for initial public offerings (IPOs) and help accelerate the development of local capital markets.

Baltic Partners is a member of the Latvian Private Equity and Venture Capital Association (LVCA) and Globalscope, global M&A firm network with over 100 offices worldwide and presence in 50 countries. Baltic Partners team has established working relationships with number of international and regional advisory and investment firms which allows to have better local access to non-core markets.

Baltic Partners offices are located in Riga and Kyiv.

Awards and Achievements

2025

Award for «Financial Advisor of the Year in Latvia» for acquisition of Mobilly

2022

Largest healthcare industry transaction in the history of Lithuania (Medica/InMedica merger)

2020

Award for «Private Equity investment of the year” for the sale of 52.81% stake to INVL Baltic Sea Growth Fund

2016

Nomination for the «Best deal of the year with private equity fund in Baltic States» (Eco Baltia/EBRD deal)

2012

Award for «Best foreign IPO on the Warsaw Stock Exchange in 2011» for organizing initial public offering of Ovostar Union