Established in 2012
More than a decade of advising companies, shareholders and investors on important strategic and financial decisions.
BGRegional knowledge. Global reach.
Advice for transactions that matter.
Independent investment banking and strategic advisory for companies, shareholders and investors in Bulgaria and Southeast Europe.
PNL at a glance
Independent advice. International perspective.
Established in 2012, PNL is an independent investment banking and strategic advisory firm based in Sofia. We advise companies, shareholders and investors on transactions, financing and strategic matters, combining local market knowledge with an international perspective.
International reach
We connect local businesses and opportunities with international financial investors, strategic partners and sources of capital.
Senior-led and confidential
Every engagement benefits from direct partner involvement, personal attention and strict confidentiality.
What we do
Investment banking and strategic advice.
We advise clients on transactions and strategic decisions from initial assessment and preparation through engagement, negotiation and execution.
M&A Advisory
Senior-led advice across sell-side, buy-side and strategic partnership mandates—from preparation and positioning through negotiation and closing.
Capital & Financing
Tailored equity, private debt and structured financing solutions for growth, acquisitions, projects and shareholder transitions.
Strategic Advisory
Practical, fact-based advice on growth, market entry, portfolio choices and transformation.
PNL is Bain & Company’s alliance partner in Bulgaria.
For financial and strategic investors
Local access. Disciplined origination.
PNL works with international private equity funds, family offices and strategic investors seeking investment opportunities in Bulgaria and Southeast Europe. We identify and approach suitable targets, provide local market insight and support investors throughout the evaluation and transaction process.
Target sourcing
Identifying companies aligned with the investor’s sector, size and investment criteria.
Local access
Discreet engagement with shareholders and access to opportunities that may not be formally marketed.
Transaction support
Local insight and senior-level support from initial assessment through negotiations and execution.
Industries
Industry knowledge informed by transaction experience.
Our experience spans selected sectors in which market structure, regulation and regional context are material to the transaction.
01
Consumer & Retail
02
Energy & Infrastructure
03
Healthcare
04
Technology & Business Services
05
Industrials
06
Financial Services
Our approach
Rigorous analysis. Discreet execution.
Each mandate begins with a clear understanding of the client’s objectives, the relevant stakeholders and the strategic rationale. Partners remain directly involved throughout the engagement.
01
Define the objective
02
Build the strategic case
03
Engage the right counterparties
04
Execute with discipline
Our location
In the heart of Sofia.
