RUS
@portofino CO, 2025
Moscow, Russia
RUS

Creating partnerships
to meet investment challenges

We partner with
operational teams
corporations
business owners
private investors
We partner with
operational teams
corporations
business owners
private investors
About Us
Full deal execution cycle: idea verification, structuring, negotiations, and asset integration
M&A execution
Development of investment proposals based on a deep understanding of capital owners’ expectations
Fundraising
Bringing together ideas, capital and operational teams for ambitious projects implementation
Building industry-specific holdings
Strategic management, development, and monetization of assets
Management of acquired Assets
M&A execution
Full deal execution cycle: idea verification, structuring, negotiations, and asset integration
Bringing together ideas, capital and operational teams for ambitious projects implementation
Building industry-specific holdings
Management of acquired Assets
Strategic management, development, and monetization of assets
Fundraising
Development of investment proposals based on a deep understanding of capital owners’ expectations
Our partners value our high quality standards, independent perspective, and willingness to take responsibility for results
The team consists of five professionals with experience at leading international investment banks
J.P. Morgan and Goldman Sachs, as well as the consulting firm
McKinsey & Company
The team consists of five professionals with experience at leading international investment banks J.P. Morgan and Goldman Sachs, as well as the consulting firm McKinsey & Company
Dmitry benefits from over 15 years of experience in investment banking and private equity, including a tenure at J.P. Morgan from 2011 to 2022 in Moscow and London, most recently holding the role of Executive Director
Prior to founding Portofino Capital, he led the investment practice at Yakov & Partners (formerly McKinsey & Company CIS).
Over the course of his career, he has completed more than 20 major M&A and IPO/ SPO transactions for leading Russian and international companies
Over the course of his career, he has completed more than 20 major M&A
and IPO/ SPO transactions for leading Russian and international companies
Prior to founding Portofino Capital, he led the investment practice at Yakov & Partners (formerly McKinsey & Company CIS).
Dmitry benefits from over 15 years
of experience in investment banking
and private equity, including a tenure
at J.P. Morgan from 2011 to 2022 in Moscow and London, most recently holding the role of Executive Director
Founder and CEO
Dmitry Vodyannikov
Team
News
digitalkassa
Advising Tochka Bank in its acquisition of the cloud-based cash register rental service digitalkassa
Advising Tochka Bank in its AI-service acquisition
24AI
Founder and CEO of Portofino Capital gave an interview to "Vedomosti"
Vedomosti
Founder and CEO of Portofino Capital spoke at the annual event «Year-End Results with Legal Insight»
Legal Insight
Purchase of an Austrian production asset as part of its Russian exit
Doka
digitalkassa
Portofino Capital acted as an exclusive financial advisor to Tochka Bank in its 100% acquisition of digitalkassa, a provider of the cloud-based cash register rental services using its proprietary software.

This deal provided Tochka’s clients with an access to an additional service integrated into company’s seamless payment solutions system. The acquisition is a part of the Tochka’s ongoing investment strategy into the IT companies offering unique solutions in the market.
24AI
Portofino Capital advised Tochka Bank in its acquisition of 24AI business, a generative AI-based image processing service for the marketplace sellers.

This deal enabled Tochka to expand its product offering for its seller clients within the e-commerce ecosystem and strengthen the AI capabilities.

The support of Portofino Capital allowed to complete the product and team spin-offs from the seller’s core business promptly, separate Russian and international operations, and ensure the deal closure in a timely manner.
Doka
The joint venture of Portofino Capital and Kirill Ignakhin (founder and CEO of development company Level Group) acquired 100% of Doka’s Russian division.

Doka is a global leader in the production of formwork systems for monolithic construction. The acquisition of Doka’s Russian business is driven by the high demand for formwork in the market and the strong undersupply of high-quality and technologically advanced local products.

Post-closing, Portofino Capital takes part in the asset’s development and holds a seat on the Board of Directors.
Legal Insight
Founder and CEO of Portofino Capital, Dmitry Vodyannikov, participated in the annual event for the heads of the legal departments: "Year-End Results with Legal Insight".

Answering a question about trends in the M&A market, Dmitry emphasized that many investors are aiming to build integrated industry holdings — either around their core businesses or around assets acquired from foreign owners.
His main expectation for 2024–2025 is an increase in the number of institutional investors (potentially with support from the Moscow Exchange), both in public markets and in the PE and VC space.
Vedomosti
Founder and CEO of Portofino Capital, Dmitry Vodyannikov, discussed exclusively with Vedomosti "New Era of the Private Investor," who requires independence from the state and corporations, focus on value creation and transparency of the rules of the game.
Dmitry noted that under current circumstances, a significant share of capital formed in Russia remains in the country but capital owners quite often have to choose between options that do not provide sufficient return, liquidity or diversification. Dmitry believes that the possible solution to this situation is the growth in the number of investment companies and funds that do not require active investor engagement.
News
digitalkassa
Advising Tochka Bank in its acquisition of the cloud-based cash register rental service digitalkassa
Advising Tochka Bank in its AI-service acquisition
24AI
Founder and CEO of Portofino Capital gave an interview to "Vedomosti"
Vedomosti
digitalkassa
Portofino Capital acted as an exclusive financial advisor to Tochka Bank in its 100% acquisition of digitalkassa, a provider of the cloud-based cash register rental services using its proprietary software.

This deal provided Tochka’s clients with an access to an additional service integrated into company’s seamless payment solutions system. The acquisition is a part of the Tochka’s ongoing investment strategy into the IT companies offering unique solutions in the market.
24AI
Portofino Capital advised Tochka Bank in its acquisition of 24AI business, a generative AI-based image processing service for the marketplace sellers.

This deal enabled Tochka to expand its product offering for its seller clients within the e-commerce ecosystem and strengthen the AI capabilities.

The support of Portofino Capital allowed to complete the product and team spin-offs from the seller’s core business promptly, separate Russian and international operations, and ensure the deal closure in a timely manner.
Founder and CEO of Portofino Capital spoke at the annual event «Year-End Results with Legal Insight»
Legal Insight
Purchase of an Austrian production asset as part of its Russian exit
Doka
Doka
The joint venture of Portofino Capital and Kirill Ignakhin (founder and CEO of development company Level Group) acquired 100% of Doka’s Russian division.

Doka is a global leader in the production of formwork systems for monolithic construction. The acquisition of Doka’s Russian business is driven by the high demand for formwork in the market and the strong undersupply of high-quality and technologically advanced local products.

Post-closing, Portofino Capital takes part in the asset’s development and holds a seat on the Board of Directors.
Vedomosti
Founder and CEO of Portofino Capital, Dmitry Vodyannikov, discussed exclusively with Vedomosti "New Era of the Private Investor," who requires independence from the state and corporations, focus on value creation and transparency of the rules of the game.
Dmitry noted that under current circumstances, a significant share of capital formed in Russia remains in the country but capital owners quite often have to choose between options that do not provide sufficient return, liquidity or diversification. Dmitry believes that the possible solution to this situation is the growth in the number of investment companies and funds that do not require active investor engagement.
Legal Insight
Founder and CEO of Portofino Capital, Dmitry Vodyannikov, participated in the annual event for the heads of the legal departments: "Year-End Results with Legal Insight".

Answering a question about trends in the M&A market, Dmitry emphasized that many investors are aiming to build integrated industry holdings — either around their core businesses or around assets acquired from foreign owners.
His main expectation for 2024–2025 is an increase in the number of institutional investors (potentially with support from the Moscow Exchange), both in public markets and in the PE and VC space.