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Capital Times acted as the exclusive financial adviser to the owners of SteelKiwi, a Ukrainian software development company, on its merger with an international IT group.

SteelKiwi has joined a big international IT group with offices in the US, Europe, and the Middle East and will work as an independent business unit, focusing on full cycle Web and Mobile applications development. With a team of 100+ professionals and many international customers, SteelKiwi will provide the additional capabilities for development of the international IT group.
Capital Times project team: Dmytro Baranovskyi (Vice President), Vladyslav Sharyha (Senior Investment Analyst), and Mark Reiter (Business Development Manager).

Viacheslav Ponomarov, Steelkiwi CEO – “We’re excited to accept this opportunity, as this move opens new horizons for Steelkiwi to scale and provide better, full-cycle service for our existing and new customers. We are grateful to Dmytro Baranovskyi and his team for the organization of communication and competent support during negotiations with a strategic investor, as well as for the efficient bringing of the project to a successful conclusion!”

Dmytro Baranovskyi, Vice President of Capital Times: “We are happy to help SteelKiwi company become part of an international IT group. This deal will provide an opportunity to unite efforts and develop together faster. Also, this deal indicates that even in today’s realities, foreign investors are still showing interest in the Ukrainian IT sector.

About SteelKiwi

SteelKiwi provides a full cycle of web and mobile development, UI/UX design and testing. The company’s core service is web development using the python/django technology stack. For many years, the company’s services have been used by clients from the USA, Europe, and the Middle East.

The company employs over 100 people, mostly located in 2 development offices in Ukraine (Vinnitsa and Odessa).

About Capital Times

For over 16 years, Capital Times has been providing its clients with high-quality services and flawless execution of mergers and acquisitions, capital raising, strategic advice, business value maximization, and debt restructuring. Capital Times has closed 33 M&A transactions, attracted USD 98 million of loans, and performed more than 180 consulting projects in 13 industries. Capital Times’ exclusive membership in the global network of investment bankers Globalscope Partners (55+ countries and 226 deals worth USD 7+ billion in 2021) allows Capital Times to effectively attract foreign investors and lenders as well as to find target companies for cross-border acquisitions.

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