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      Side Event «Investing in Ukraine at Scale: The Private Capital Equation for Ukraine» is cohosted by KPMG and Horizon Capital and brings together private equity investors, IFIs and DFIs, corporates and advisors to move beyond highlevel narratives and focus on the practical realities of deploying capital in Ukraine today. The discussion will centre on deal execution, risk mitigation, capital sequencing and realistic growth pathways.

      Our focus will be the role of private capital in reconstruction — exploring how to invest, execute, and scale, fostering resilience and sustainable growth despite wartime conditions.


      Agenda

      • 3:00–3:30 PM

        Registration

        Welcome Coffee

      • 3:30–3:40 PM

        Welcome Remarks 


      Viktoriia Mykhno​
      Viktoriia Mykhno​

      KPMG Ukraine Gateway ​
      PMO lead​

      Oleg Goshchanskyi​
      Oleg Goshchanskyi​

      KPMG Ukraine Gateway ​
      Leader​

      Andriy Tsymbal​
      Andriy Tsymbal​

      Managing Partner ​
      KPMG in Ukraine


      • 3:40–4:40 PM – Session 1

        Structuring Investability: Capital Deployment in Ukraine

        This panel focuses on the practical building blocks of executing transactions in Ukraine under wartime conditions, drawing on real deal experience and advisor perspectives. This session brings together DFIs, investors and advisors to examine how capital is actually being deployed in Ukraine today — and what it takes to structure transactions that are not only attractive, but executable. 


      Andrii Tymoshenko
      Andrii Tymoshenko
      Moderator

      Partner, Head of Management Consulting, Head of Infrastructure, Transport & Logistics, KPMG in Ukraine​

      Sergiy Budkin
      Sergiy Budkin

      Founder and Managing Partner
      Finpoint

      Dr Adam Sikorski
      Dr Adam Sikorski

      CEO
      UNIMOT S.A.

      Eugene Baranov
      Eugene Baranov

      Managing Director, Head of Infrastructure
      Dragon Capital


      Jakub Jaworowski
      Jakub Jaworowski

      Member of the Management Board
      Bank Gospodarstwa Krajowego

      Lesya Kuzmenko
      Lesya Kuzmenko

      Associate Director, Deputy Head of Ukraine, ICA (Industry, Commerce and Agribusiness)
      EBRD

      Jan Rekiel
      Jan Rekiel

      CFA
      Head of International Reinsurance
      KUKE S.A.

      Uda Chikako
      UDA Chikako

      Deputy Director, Office for Ukraine, Moldova
      Japan International Cooperation Agency


      • 4:45–5:45 PM – Session 2

        The Role of Private Capital in Ukraine's Reconstruction

        This panel examines the winning formula for attracting international capital at scale: reputable first-in equity investors; bankable, economically feasible projects; war-risk insurance at commercially viable terms; accessible long-term IFI and DFI financing; and sufficient domestic bank lending capacity. What is already in place, what is still missing, and how do we close the gap?


      Olga Slyvynska
      Olga Slyvynska
      Moderator

      Head of Economic Recovery and Development, KSE

      Peder Anker Larsen
      Peder Anker Larsen

      Associate Director
      Analysis & Strategy | Ukraine
      EIFO

      Piotr Dudkiewicz
      Piotr Dudkiewicz

      M&A Director
      Greenvolt

      Oleksii Feliv
      Dr. Oleksiy Feliv

      Managing Partner
      Impacta Law


      Andrii Moiseenko
      Andrii Moiseenko

      Member of the Management Board
      Ukreximbank

      Andrii Semchenko
      Andrii Semchenko

      Chief Executive Officer​
      INGO​

      Dmitri Vassiliev

      Head of Private Sector and Blending, Ukraine Investment Team
      EIB

      Elleanor Robins

      Principal Investment Officer, Infrastructure, Europe – Ukraine Lead
      IFC


      • 5:45–6:05 PM

        Keynote fireside chat


      Andriy Tsymbal​
      Andriy Tsymbal​

      Managing Partner ​
      KPMG in Ukraine


      Zoya Dronshkevich
      Zoya Dronshkevich

      Corporate Strategy & Business Development Director, Kyivstar,
      Board member of Helsi, Tabletki.ua, Uklon


      • 6:05–8:00 PM

        Networking reception with wine and panoramic views of the Gdańsk skyline and the Baltic Sea


      If you have any questions regarding this event, please contact Oleksandra Yakubenko.





      Connect with us



      Delivering value. Your strategic advisor in Ukraine’s renewal and redevelopment

      KPMG Ukraine Gateway initiative

      KPMG in Ukraine is at the heart of the EMA-wide KPMG Ukraine Gateway initiative. The KPMG Ukraine Gateway team, together with other stakeholders, aims to help facilitate the rebuilding and sustainable development of Ukraine following widespread damage caused by the war. Leveraging KPMG Ukraine’s local experience and the KPMG global network of independent member firms, the initiative will seek to assist in the process of transforming investment into sustainable growth and development, supporting businesses and development agencies as Ukraine embarks on the path of renewal.

      KPMG firms from across the world are united in their support for the people of Ukraine. Through KPMG’s Ukraine Gateway initiative, and with the assistance of interested third parties – including donors, government, NGOs - we can help to foster new opportunities for Ukraine’s redevelopment.


      M&A Radar: Ukraine

      The KPMG Ukraine M&A database has been complied over a number of years based on information included in the Mergemarket M&A deals database, EMIS DealWatch database and S&P Capital IQ database, together with KPMG desktop research of other sources. Data includes transactions valued in excess of USD5 million, as well as transactions with undisclosed deal values where the target’s turnover exceeds USD10 million.

      Deal values are based on data included by Mergermarket, DealWatch and Capital IQ, as well as company press releases and market estimates which are disclosed in the public domain.


      Market analysis of M&A deals


      Discover the macroeconomic overview of Ukraine and get updated on the legal framework for effective investment planning

      Your Business in Ukraine

      According to the sixth KPMG CEO Outlook in Ukraine, part of an annual global survey of business leaders that KPMG first conducted 10 years ago, the level of CEO confidence in the country's growth prospects in 2024 had increased compared to where they were in 2022: up from 44% to 46%. For more context, this figure is more than twice as high as 2020, where CEO growth confidence was a mere 20%. 

      Despite the impact of Russia’s full-scale invasion and the ensuing geopolitical and economic uncertainty, Ukrainian business has demonstrated unprecedented resilience and continues to grow, with a market that is more open to investment than ever.

      In such times, navigating the Ukrainian business landscape can be complex but also rewarding, and our guidance can give you the clarity you need to take on both challenges and opportunities. 

      We offer a comprehensive guide to help you deal with issues such as how to start a business in Ukraine, what you need to know about tax regulations, how currency restrictions might affect your business, how to insure your company against war risks, what the rules are regarding investment legislation, how to obtain all the necessary licences and permits, and many other useful insights that will help you simplify your business decisions. 


      Our Impact Plan

      KPMG International launched annual reporting in 2021 that consolidates and presents data on the collective ESG commitments and expectations for independent KPMG firms within the KPMG International family: Our Impact Plan.

      Every two years, KPMG in Ukraine presents its local Sustainability Report: an integral part of annual reporting that reflects our progress towards achieving UN Sustainable Development Goals.  

      Our Impact Plan outlines the KPMG network's commitments to environmental, social, and governance (ESG) issues in four categories: governance, people, planet, and prosperity, reporting on our progress against benchmarks from the World Economic Forum (WEF) and International Business Council (IBC).


      KPMG regularly publishes information about how we work for our clients, improve audit quality, fulfil our environmental, social, and governance (ESG) commitments, and promote inclusion and diversity within our network of companies.


      How German business assess Ukraine’s investment attractiveness – and which factors shape those decisions

      German-CEE Business Outlook

      Despite the ongoing war, Ukraine remains on German investors’ radar, ranking second among the CEE countries most frequently mentioned in companies’ investment plans. This is according to the German-Central and Eastern European Business Outlook 2026 (German-CEE Business Outlook), which KPMG in Germany has compiled together with the Committee on Eastern European Economic Relations. The publication is based on a survey of 115 companies, which was conducted between 24 November 2025 and 13 January 2026.


      Cybersecurity considerations 2026

      Cybersecurity is no longer solely an IT responsibility—it is now a core element of business strategy. The KPMG International report “Cybersecurity Considerations 2026,” developed with technology partners, outlines eight areas set to shape cybersecurity priorities in the year ahead.

      Artificial intelligence is at the heart of this shift. It strengthens cyber defense through faster threat detection and automated response, while also giving attackers new tools to scale and sharpen their operations. Combined with rising geopolitical tensions, fragmented regulation, and the growing use of non-human identities, this is making the cyber threat landscape more complex than ever.


      KPMG CEO Outlook 2025. Energy, Natural Resources and Chemicals

      CEOs have a clear opportunity to shape the future of energy by ensuring secure, sustainable supply for a technology-driven world. The 2025 CEO Outlook shows how ENRC leaders are navigating key challenges, with AI at the core of efficiency, risk management, and strategy — including renewables. In a volatile environment, the report offers essential insights to anticipate risks and capture new opportunities.


      About KPMG CEE

      KPMG Central and Eastern Europe (KPMG CEE) is a cluster of KPMG firms operating across Poland, Czech Republic, Romania, Hungary, Slovakia, Slovenia, Croatia, Bosnia & Herzegovina, Ukraine, Serbia, Montenegro, Albania and Kosovo, Bulgaria and North Macedonia.

      As part of the KPMG global organization of independent member firms affiliated with KPMG International Limited, KPMG CEE combines strong local market knowledge with cross‑border collaboration to support clients across the region.

      KPMG in Ukraine, part of the KPMG CEE cluster, together with teams from the KPMG network, are currently using our expertise and inspiration to help rebuild Ukraine. 


      Welcome to KPMG International


      Welcome to the page where we share who we are, the values we hold and promote as a company, our journey towards achieving sustainable development goals, and how we implement IDE principles in our working environment

      About KPMG in Ukraine

      KPMG has been working in Ukraine since 1992 and provides auditing, taxation, accounting, and financial consulting services.

      KPMG clients include national companies and multinational corporations, government agencies, and non-profit institutions.

      We strive to provide innovative high-tech solutions and excellent service to help our clients get the most out of new opportunities, manage risk, and stay ahead of the competition. Our teams are constantly learning and developing, raising the bar when it comes to the quality of our services so as to always meet the highest expectations of our clients and maintain our company's reputation as a market leader in professional services.

      We have aligned our corporate development strategy with the UN Sustainable Development Goals to work together towards building a sustainable, safe, and prosperous future.  

      About KPMG in Poland

      KPMG in Poland has been providing comprehensive advisory and audit services for over 30 years, supporting businesses and institutions from all sectors of the economy. Improving business results, creating new opportunities through skillful risk and compliance management, as well as creating strategies and increasing value are the basis of our activities supporting market leaders. We rely on advanced technologies and help companies at every stage of their digital transformation.

      KPMG in Poland employs over 2,300 qualified specialists, operating in 7 offices located in Warsaw, Krakow, Poznan, Wroclaw, Gdansk, Katowice, and Lodz, whose knowledge and interdisciplinary experience are of real value to our clients

      KPMG is a global network of professional firms providing Audit, Tax & Advisory services.