Boardroom at dusk overlooking the Manama skyline, with bound transaction documents on the table
Expertise · Financing & Transactions

Capital, transactions and governance across the Eurasia Belt.

UGAP’s financing and transactions practice brings more than 30 years of investment banking, private equity and board experience — from privatisations and energy M&A to equity and debt capital markets — across Eastern Europe, the Caspian, Central Asia, the Gulf and beyond.

300+significant transactions
$8bn+aggregate transaction value
$3bn+assets under management led
30+years in the Eurasia Belt
What we do

Financing capabilities

We structure and raise capital for our own developments and advise governments, state-owned companies, corporates and investors on transactions from mandate to closing and beyond.

01

M&A & Strategic Advisory

Buy-side and sell-side mandates, strategic reviews and asset sales for national oil companies, corporates and funds.

02

Privatisation & Government Advisory

State-asset privatisations and advisory to sovereign and quasi-sovereign entities.

03

Private Equity & Corporate Development

Origination, investment, post-closing value creation and exit in consumer, industrial, financial and technology companies.

04

Equity & Debt Capital Markets

ECM and DCM execution for growth companies and state-owned enterprises, including IPO and bond mandates.

05

Project & Real Estate Finance

Equity and debt for development, restructuring and repositioning of office, logistics and mixed-use portfolios.

06

Leasing & Asset Finance

Aircraft, equipment and agricultural leasing, consumer finance and non-performing loan platforms.

07

Islamic Finance

Shari’ah-compliant structures for projects and corporates in the Gulf and Central Asia, backed by CIFE certification.

08

Board & Corporate Governance

Long-standing board service in banks, funds, real estate and healthcare companies — strategy, oversight and exits.

Track record

Selected transactions

A selection of mandates executed by the UGAP team for national oil companies, sovereign entities, corporates and investors across four continents.

Energy investment banking

Latin America, the Gulf and South Asia · Oil & Gas investment banking, Merrill Lynch

Argentina · Oil & GasYPFPrivatisation advisory
Peru · Oil & GasPetroperúM&A / Strategic advisory
Brazil · Oil & GasPetrobrasM&A / Strategic advisory
Venezuela · Oil & GasPDVSAM&A / Strategic advisory
Pakistan · Gas utilitySui Southern GasM&A / Strategic advisory
Saudi Arabia · Oil & GasSaudi AramcoM&A / Strategic advisory
UAE · Oil & GasADNOCM&A / Strategic advisory
USA · EnergyPrudential-Bache Energy Income PartnershipsM&A / Asset sale

Private equity in Russia and the FSU

Russian-American Enterprise Fund · Pioneer Investments (1996–1998)

Consumer · BeveragesSaint SpringsPrivate equity / Corporate development
Consumer · BrewingSun Brewing FSUPrivate equity / Corporate development
Retail · ApparelGloria JeansPrivate equity
Retail · GroceryGiant SupermarketPrivate equity
Financial servicesGrant Investment BankPrivate equity / Corporate development
Food processingMikoyan Meat PlantPrivate equity
Food & beveragesCompomosPrivate equity
Industrial · TimberKemerovo Plywood PlantPrivate equity

Financial services, leasing and special situations

Eastern Europe and the FSU · AIG Financial Services, assets under management exceeding $3 billion

Banking · Exit to Peugeot FinanceAIG BankPrivate equity / Corporate development / Board
Financial servicesConsumer finance platformFinancial services development / Board
Special situationsEastern NPL FundPrivate equity / Corporate development / Board
HealthcareFSU Healthcare ManagementPrivate equity / Corporate development / Board
Aviation · 2000–2009Largest aircraft leasing operation in Eastern Europe and the FSUOperations of ILFC in the region

Real estate investment and restructuring

Moscow and the FSU · Fleming Family & Partners Real Estate, assets under management exceeding $700 million

Moscow · OfficeGogolevsky 11Private equity / Development / Board
Moscow · OfficeLesnaya 3Development, restructuring / Board
FSU · LogisticsLargest warehouse portfolio in the FSUPrivate equity / Restructuring, development / Board

Capital markets, technology and Central Asia

Da Vinci Capital / ITI Capital (from 2016) · Roemer Silk Road · RENCAP

Technology · IT servicesEPAMPrivate equity / Strategic advisory
Kazakhstan · ConstructionSamruk-Kazyna ConstructionCorporate finance / DCM
Technology · SoftwareSoftlinePrivate equity / Strategic advisory, M&A
E-commerceOzonCorporate finance / ECM
RetailFix PriceCorporate finance / ECM
Technology · Software engineeringDataArtStrategic advisory / M&A
CorporateGNTCorporate finance / DCM
Uzbekistan · Agricultural leasingUzagroleasingStrategic advisory / Fixed income
Uzbekistan · Oil & GasPetromaruzStrategic advisory

Transactions shown were executed by members of the UGAP team, including in prior roles at Merrill Lynch, the Russian-American Enterprise Fund, Pioneer Investments, AIG Financial Services, Fleming Family & Partners and Da Vinci Capital / ITI Capital. Client names are shown for reference only and do not imply endorsement.

Leadership

Financing & Transactions

Alexei Petrov, Partner, Financing & Transactions, UGAP W.L.L.

Alexei Petrov

Partner, Financing & Transactions

Also CEO & Partner, Roemer Silk Road (Tashkent) · Founder & Managing Partner, RENCAP LLC (USA)

Alexei Petrov leads UGAP’s financing and transactions practice. A highly seasoned investment professional with more than 30 years of managerial and transaction experience in private equity, privatisations, M&A and restructuring across the Eurasia Belt — from Eastern Europe to Central Asia — he has participated in more than 300 significant transactions exceeding $8 billion.

Full biography

Alexei is CEO and Partner of Roemer Silk Road, an EU investment banking firm active in Central Asia with an office in Tashkent, Uzbekistan, and Founder and Managing Partner of RENCAP LLC, a US private equity, investment banking and corporate finance advisory boutique active across the Eurasia Belt.

In 2016 he joined Da Vinci Capital / ITI Capital as Managing Partner, responsible for investors, portfolio formation, team management and private equity and project financing. Before that he was Chief Executive Officer of Fleming Family & Partners Real Estate, leading strategy and the full range of private equity, real estate and asset management products, with assets under management exceeding $700 million.

Previously he was Managing Director and Head of the Representative Office of AIG Financial Services in the Former Soviet Union and Eastern Europe, responsible for private equity, real estate, leasing and other non-insurance businesses with assets under management exceeding $3 billion, including the operations of ILFC — the largest aircraft leasing business in the region. From 1996 to 1998 he was Senior Vice President and Investment Director at Pioneer Investments, covering pipeline origination, negotiation and closing, post-closing development and exit. He began his career in the Oil & Gas investment banking group of Merrill Lynch, Pierce, Fenner & Smith, completing large investment banking, corporate finance and privatisation transactions in Latin America, the Persian Gulf and South-East Asia.

An experienced board member, he has served on the boards of large companies with a deep understanding of the goals, functions and strategic tasks of corporate governance.

Career highlights

  • Merrill Lynch: Oil & Gas investment banking — privatisations and M&A for YPF, Petrobras, Saudi Aramco, ADNOC and others
  • Pioneer Investments: Senior Vice President and Investment Director (1996–1998)
  • AIG Financial Services: Managing Director, Head of FSU & Eastern Europe; $3bn+ AUM; ILFC aircraft leasing operations
  • Fleming Family & Partners Real Estate: Chief Executive Officer; $700m+ AUM
  • Da Vinci Capital / ITI Capital: Managing Partner (from 2016)
  • Roemer Silk Road · RENCAP LLC: CEO & Partner · Founder & Managing Partner

Education

  • MBA, The University of Chicago Booth School of Business
  • BS in Economics, Magna Cum Laude, New York University Stern School of Business
  • CIFE, Islamic Finance, Ethica Institute of Islamic Finance

Raising capital or planning a transaction?

Tell us about your project — we work with governments, sovereign developers, corporates, banks and funds.

Send an enquiry Back to UGAP
Office
UGAP W.L.L.
Office 1002, 10th Floor, Business Bay Building
Building 1260, Road 2421, Block 324
Juffair, Manama, Kingdom of Bahrain
Telephone
+1 647 801 1339
Email
andrei@peregoud.com