Advent International has become one of the first international private equity groups to set up an office in Ukraine, despite an uncertain outlook for businesses operating in the country ahead of snap elections pitting pro-Russian politicians against rivals backed by Western states.

Advent, which primarily invests in mid-market sized buyouts around the world, has made two appointments to its new Kiev, Ukraine office. The appointments come as the buyout firm completes the reorganisation of its central and eastern European business.