The leading independent investment banking advisor in the Russian market
With industry experience since 1998, including the largest landmark deals in key sectors of the economy, we provide top-tier services in supporting mergers and acquisitions, capital raising, as well as strategic consulting services on focused business capitalization
Toliman (TLM) Capital Mission
To help clients navigate the investment banking landscape with confidence
«Today, Russian companies and their owners increasingly require first-class advisory services to pursue strategic growth through consolidation, secure capital for expansion, and navigate critical decisions around partial or full exits.»

Our Values
Professionalism
We deliver services on par with leading investment banks, drawing on many years of experience in transaction execution and strategic advisory
- Deep understanding of the market and business processes
- Knowledge of global best practices and their adaptation to the Russian market
- High standards of quality and professional ethics
- Extensive experience in investment banking
- Strong understanding of the specifics and needs of Russian businesses
Results-Driven Approach
Our objective is to achieve our clients’ specific goals
- Clearly defined objectives and key success metrics for each project
- Continuous progress monitoring and strategy adjustments when required
- Application of best practices and innovative solutions to achieve objectives
- Comprehensive risk management throughout the project lifecycle
- Commitment to exceeding client expectations
Trust and Respect
We value our clients’ trust, fully recognizing how sensitive transaction-related matters can be
- Integrity and transparency in all aspects of business relationships
- Confidentiality and protection of clients’ interests
- Open and clear communication throughout the engagement
- Respect for each client’s views and needs
- Building long-term partnership relationships
Uniqueness
Every client is unique, which is why we develop a tailored strategy for each specific transaction
- In-depth analysis of business specifics and market conditions
- Development of customized solutions for specific objectives
- Flexibility in approach and readiness for non-standard solutions
- Consideration of industry characteristics and regional specifics
- Experience in unique projects and emerging market segments
Professionalism

«Fundamental transaction insight significantly enhances the probability of success»
Professionalism
«Fundamental transaction insight significantly enhances the probability of success»

Orientation on Results

«At every stage and in every aspect of a transaction, the client’s ultimate goal remains at the forefront»
Orientation on Results
«At every stage and in every aspect of a transaction, the client’s ultimate goal remains at the forefront»

Trust and Respect
«The best results are achieved through collaboration»

Why Us
Experience across all phases of the market cycle, with dozens of completed transactions - including some of the largest in the market totaling over $25 billion - enables the delivery of solutions in which every task is handled with meticulous attention to detail and the client’s best interests.
With 20 years in the market, our team has successfully closed dozens of M&A deals and facilitated capital market placements totaling over $25 billion
Over twenty years of operating across different market cycles has enabled the creation of transaction structures tailored to prevailing market conditions
Thanks to our long-standing presence in the market, we have established reliable connections with leading financial institutions: banks, private equity funds, institutional investors, major family offices, and private investors
- A profound grasp of the principles and mechanics of capital markets
- This expertise becomes especially crucial in complex or atypical transactions, where precision at every stage of the deal is required
- Careful planning and attention to every step of the transaction
- Essential for clients undertaking rare or first-time transactions, where trust, transparency, and open dialogue are paramount
- A genuine love and respect for the work, honoring clients’ trust, time, and resources
- Working in full partnership with clients on every project
- Endorsed by clients, with a commitment to not just meet, but exceed expectations
We contribute to improving investment culture in Russia both through interaction with the largest business communities and through team participation in educational programs at leading academic institutions