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AI M&A Advisory

MergeWave Capital advises AI companies, founders, and investors on transactions where technical depth and commercial outcomes are tightly linked.

BUY & SELL ADVISORY

What Is AI M&A Advisory

Specialized transaction support for companies where AI is the product — not just the tool.

Buy-Side Advisory

Buy-Side Advisory

Buy-Side Advisory

We help strategic buyers and investors identify, evaluate, and acquire AI businesses — with rigorous technical and commercial diligence to separate genuine AI value from integration-layer positioning.

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Sell-Side Advisory

We position AI companies for the right acquirers — building a narrative grounded in model ownership, data assets, and defensible differentiation that drives premium valuations.


Explore Sell-Side

Our Cases

Selected transactions. Solid results.

Artkai Acquisition

Mergewave Capital acted as the exclusive sell-side advisor to Artkai in its strategic transaction with Euvic Group, one of Poland’s largest IT ecosystems. The deal secured a majority acquisition at top-of-market EBITDA multiples, despite the wartime recession.

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Artkai Acquisition

Mergewave Capital acted as the exclusive sell-side advisor to Artkai in its strategic transaction with Euvic Group, one of Poland’s largest IT ecosystems. The deal secured a majority acquisition at top-of-market EBITDA multiples, despite the wartime recession.

Music Producer sitting at his desk

Mergewave Capital acted as the exclusive sell-side advisor to Artkai in its strategic transaction with Euvic Group, one of Poland’s largest IT ecosystems. The deal secured a majority acquisition at top-of-market EBITDA multiples, despite the wartime recession.

Music Producer sitting at his desk

Diya Acquisition

Mergewave Capital acted as sell-side advisor for the acquisition of a 51% stake in Ukrainian IT infrastructure company Diya by Polish IT giant Euvic Group.

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Diya Acquisition

Mergewave Capital acted as sell-side advisor for the acquisition of a 51% stake in Ukrainian IT infrastructure company Diya by Polish IT giant Euvic Group.

Music producer sitting on a chair in his studio

Mergewave Capital acted as sell-side advisor for the acquisition of a 51% stake in Ukrainian IT infrastructure company Diya by Polish IT giant Euvic Group.

Music producer sitting on a chair in his studio
More case studies, insights,
and market perspectives

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More case studies, insights,
and market perspectives

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More case studies, insights,
and market perspectives

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SERVICES

What We Do

01

Sell-Side M&A Advisory

We position AI companies for acquisition by articulating model ownership, proprietary data assets, and technical moat — then running a structured process across strategic buyers and financial investors to maximize valuation.

Sell-Side M&A Advisory

02

Buy-Side M&A Advisory

We help acquirers identify and evaluate AI targets with genuine defensibility — mapping model maturity, data quality, architecture, and IP risk before and throughout deal execution.

Buy-Side M&A Advisory

03

AI Value Validation

We assess whether a company's technology represents true AI-driven value or primarily AI-enabled integration — validating technical depth, model ownership, and competitive defensibility from an investor's perspective.

AI Value Validation

04

Strategic Partnerships & Minority Investments

We advise on related transactions including minority stakes, data partnerships, and co-development structures — supporting AI companies at every stage of their capital and strategic journey.

Strategic Partnerships & Minority Investments

01

Sell-Side M&A Advisory

We position AI companies for acquisition by articulating model ownership, proprietary data assets, and technical moat — then running a structured process across strategic buyers and financial investors to maximize valuation.

Sell-Side M&A Advisory

02

Buy-Side M&A Advisory

We help acquirers identify and evaluate AI targets with genuine defensibility — mapping model maturity, data quality, architecture, and IP risk before and throughout deal execution.

Buy-Side M&A Advisory

03

AI Value Validation

We assess whether a company's technology represents true AI-driven value or primarily AI-enabled integration — validating technical depth, model ownership, and competitive defensibility from an investor's perspective.

AI Value Validation

04

Strategic Partnerships & Minority Investments

We advise on related transactions including minority stakes, data partnerships, and co-development structures — supporting AI companies at every stage of their capital and strategic journey.

Strategic Partnerships & Minority Investments

01

Sell-Side M&A Advisory

We position AI companies for acquisition by articulating model ownership, proprietary data assets, and technical moat — then running a structured process across strategic buyers and financial investors to maximize valuation.

Sell-Side M&A Advisory

02

Buy-Side M&A Advisory

We help acquirers identify and evaluate AI targets with genuine defensibility — mapping model maturity, data quality, architecture, and IP risk before and throughout deal execution.

Buy-Side M&A Advisory

03

AI Value Validation

We assess whether a company's technology represents true AI-driven value or primarily AI-enabled integration — validating technical depth, model ownership, and competitive defensibility from an investor's perspective.

AI Value Validation

04

Strategic Partnerships & Minority Investments

We advise on related transactions including minority stakes, data partnerships, and co-development structures — supporting AI companies at every stage of their capital and strategic journey.

Strategic Partnerships & Minority Investments

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TALK TO OUR

Every next step starts here.

AI M&A Advisory Team

Why Us

What Makes Us Different

01

Technical and Commercial Diligence Together

AI deals require evaluating models, data assets, IP ownership, and infrastructure dependencies — not just financials. We run both tracks simultaneously so nothing material is missed before terms are set.

Technical and Commercial Diligence Together

02

We Know the Difference Between AI and 'AI'

Not every company that uses AI should be positioned as one. We help founders and buyers understand where real value sits — and structure deals accordingly, whether the company is an AI-native business or an AI-enabled service.

We Know the Difference Between AI and 'AI'

03

Regulatory and IP Fluency

AI M&A involves GDPR, the EU AI Act, data ownership rights, and sector-specific compliance. We factor these into valuation and deal structuring from day one — not as a final check, but as a core part of the process.

Regulatory and IP Fluency

01

Technical and Commercial Diligence Together

AI deals require evaluating models, data assets, IP ownership, and infrastructure dependencies — not just financials. We run both tracks simultaneously so nothing material is missed before terms are set.

Technical and Commercial Diligence Together

02

We Know the Difference Between AI and 'AI'

Not every company that uses AI should be positioned as one. We help founders and buyers understand where real value sits — and structure deals accordingly, whether the company is an AI-native business or an AI-enabled service.

We Know the Difference Between AI and 'AI'

03

Regulatory and IP Fluency

AI M&A involves GDPR, the EU AI Act, data ownership rights, and sector-specific compliance. We factor these into valuation and deal structuring from day one — not as a final check, but as a core part of the process.

Regulatory and IP Fluency

01

Technical and Commercial Diligence Together

AI deals require evaluating models, data assets, IP ownership, and infrastructure dependencies — not just financials. We run both tracks simultaneously so nothing material is missed before terms are set.

Technical and Commercial Diligence Together

02

We Know the Difference Between AI and 'AI'

Not every company that uses AI should be positioned as one. We help founders and buyers understand where real value sits — and structure deals accordingly, whether the company is an AI-native business or an AI-enabled service.

We Know the Difference Between AI and 'AI'

03

Regulatory and IP Fluency

AI M&A involves GDPR, the EU AI Act, data ownership rights, and sector-specific compliance. We factor these into valuation and deal structuring from day one — not as a final check, but as a core part of the process.

Regulatory and IP Fluency

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SECTORS

AI Sectors We Cover

Enterprise AI & Applied Machine Learning

AI solutions embedded in enterprise workflows — covering automation, decision intelligence, and predictive systems. We position these businesses around workflow dependency and measurable ROI for enterprise acquirers.

Vertical AI

AI companies built for regulated or data-intensive industries where compliance and domain expertise drive value. We navigate sector-specific regulatory exposure and communicate it clearly in deal positioning.

Data & Analytics Platforms

Companies where data aggregation, enrichment, and analytics capabilities are core to defensibility. We assess data moat quality, exclusivity, and its contribution to model performance in deal structuring.

AI Infrastructure & MLOps

Platforms focused on model deployment, monitoring, data pipelines, and orchestration. Infrastructure businesses are valued on adoption depth, integration stickiness, and the defensibility of their tooling layer.

Generative AI & LLM Applications

Application-layer businesses leveraging foundation models, proprietary fine-tuning, and workflow integration. Valuation depends heavily on fine-tuning depth, data ownership, and defensibility beyond the base model.

Generative AI & LLM Applications

Application-layer businesses leveraging foundation models, proprietary fine-tuning, and workflow integration. Valuation depends heavily on fine-tuning depth, data ownership, and defensibility beyond the base model.

Autonomous Systems, Robotics & Edge AI

AI businesses at the intersection of software, hardware, and real-world deployment. Valuation considers hardware-software integration, safety certifications, and the depth of real-world deployment data.

Autonomous Systems, Robotics & Edge AI

AI businesses at the intersection of software, hardware, and real-world deployment. Valuation considers hardware-software integration, safety certifications, and the depth of real-world deployment data.

THE RESULTS SPEAK. THE FOUNDERS DON'T HAVE TO.

The results speak.
The sellers don’t have to.

Our 5-Step AI M&A Process

Strategy & AI Thesis

We define the strategic rationale, target segments, and how AI capabilities support long-term value creation — for both buyers building a thesis and founders preparing for exit.

Strategy & AI Thesis

We define the strategic rationale, target segments, and how AI capabilities support long-term value creation — for both buyers building a thesis and founders preparing for exit.

Testimonials

The results speak. The sellers don’t have to.

The results speak.
The sellers don’t have to.

Kos Chekanov

CEO & Founder, Artkai

«Their ability to navigate complex transactions was particularly outstanding».

“Many people think M&A is only about finding a buyer. It's not. It’s about creating competitive tension around a well-prepared asset."

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«Our experience with Mergewave Capital from A to Z was quite smooth».

“Many people think M&A is only about finding a buyer. It's not. It’s about creating competitive tension around a well-prepared asset."

Alex Kavinsky

CEO, 7Devs

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Dark gradiend background
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Andrew Tsopych

CEO & Founder, Intobi

«Their personalized approach and deep understanding of our business needs are most impressive».

“Many people think M&A is only about finding a buyer. It's not. It’s about creating competitive tension around a well-prepared asset."

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You can read more about us on Clutch.

TEAM

The Architects Behind Every Mandate

Team
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Male team member

Kateryna Mykhaylova

Investment Director at Mergewave Capital

Business transformation and M&A professional with over 20 years of experience working with global companies across IT, e-commerce, game development, and AI platforms. For more than 7 years, she has led cross-border M&A transactions and post-merger integrations across the EU, UK, North America, and Latin America, advising both buyers and sellers. Kateryna manages transactions end-to-end and oversees post-deal integration, working directly with stakeholders and operational teams to ensure successful execution and value realization.

Artem Myrhorodskyi

Partner | Defence

Investment professional focused on defense and military technology companies. Specializes in M&A transactions, joint ventures, and strategic partnerships within the defense sector. At MergeWave Capital, he works with defense manufacturers and technology companies, leveraging strong industry connections across the U.S. and European military ecosystems to support cross-border partnerships, capital raises, and strategic transactions.

Male team member
Male team member

Kateryna Mykhaylova

Investment Director at Mergewave Capital

Business transformation and M&A professional with over 20 years of experience working with global companies across IT, e-commerce, game development, and AI platforms. For more than 7 years, she has led cross-border M&A transactions and post-merger integrations across the EU, UK, North America, and Latin America, advising both buyers and sellers. Kateryna manages transactions end-to-end and oversees post-deal integration, working directly with stakeholders and operational teams to ensure successful execution and value realization.

Artem Myrhorodskyi

Partner | Defence

Investment professional focused on defense and military technology companies. Specializes in M&A transactions, joint ventures, and strategic partnerships within the defense sector. At MergeWave Capital, he works with defense manufacturers and technology companies, leveraging strong industry connections across the U.S. and European military ecosystems to support cross-border partnerships, capital raises, and strategic transactions.

Male team member
Male team member

Kateryna Mykhaylova

Investment Director at Mergewave Capital

Business transformation and M&A professional with over 20 years of experience working with global companies across IT, e-commerce, game development, and AI platforms. For more than 7 years, she has led cross-border M&A transactions and post-merger integrations across the EU, UK, North America, and Latin America, advising both buyers and sellers. Kateryna manages transactions end-to-end and oversees post-deal integration, working directly with stakeholders and operational teams to ensure successful execution and value realization.

Artem Myrhorodskyi

Partner | Defence

Investment professional focused on defense and military technology companies. Specializes in M&A transactions, joint ventures, and strategic partnerships within the defense sector. At MergeWave Capital, he works with defense manufacturers and technology companies, leveraging strong industry connections across the U.S. and European military ecosystems to support cross-border partnerships, capital raises, and strategic transactions.

FAQ

Frequently asked questions

What M&A services does MergeWave provide for AI companies?

Which AI sectors and technologies do you work with?

How do you distinguish a true AI company from one that just uses AI?

What does the M&A process look like for an AI company?

How is AI M&A different from traditional software deals?

How do you value an AI company?

Can you advise buyers evaluating AI acquisition targets?

Do you work with early-stage AI companies?

Team siting at the table

Still have questions?

Every transaction is different.

We’ll walk you through the process, assess your situation, and outline the right approach for your goals.

Every transaction is different.

We’ll walk you through the process, assess your situation, and outline the right approach for your goals.

Talk to our team

Talk to our team

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