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Inside Ukraine’s war-torn private equity industry: Bombs, bullets and buyouts

One year on from the start of the war, investors in Ukraine show little sign of backing down

Private equity is known for its adaptability in tough situations. But it has been tested like never before in Ukraine over the last 12 months
Private equity is known for its adaptability in tough situations. But it has been tested like never before in Ukraine over the last 12 months Photo: Roman Pilipey/Getty Images

Most corporate Christmas parties don’t involve grieving widows and power cuts.

But in war-torn Ukraine, 4iCapital’s annual festive dinner was a stark reminder of the troubles that locals have faced on a daily basis since Russian attacks began almost a year ago.

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