MilTech M&A Advisory
We advise defense and dual-use technology companies on M&A, capital raises, and international transactions — from Eastern Europe to global markets.
DEFENSE ADVISORY
What Is MilTech M&A Advisory
Specialized transaction support for defense and dual-use technology companies — from first raise to full exit.
Buy-Side Advisory
Buy-Side Advisory
Buy-Side Advisory
We help investors and defense companies identify, evaluate, and acquire MilTech targets. From market mapping to close, we minimize risk and maximize strategic fit.
Sell-Side Advisory
We position defense and dual-use companies for optimal exits. Valuation, buyer outreach, negotiation, and compliance — built around your terms.
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.
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.
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.
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.
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.
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.
SERVICES
What We Do
01
M&A Advisory
For defense and dual-use technology companies considering a sale, acquisition, or merger, our advisors provide valuation, deal structuring, and negotiation support from first mandate to close.
M&A Advisory
02
Investment Enablement
We connect defense innovators with investors who understand the sector — facilitating capital access for scale-up, R&D, and international market entry.
03
Cross-Border Partnerships
We build alliances between Eastern European and global defense ecosystems — accelerating technology transfer, co-development agreements, and joint ventures.
04
Export Readiness
We help defense manufacturers and startups meet export standards, navigate compliance frameworks, and access international procurement opportunities.
05
Strategic Advisory
End-to-end advisory on market entry, fundraising strategy, and transaction execution — tailored to defense and dual-use technology companies.
01
M&A Advisory
For defense and dual-use technology companies considering a sale, acquisition, or merger, our advisors provide valuation, deal structuring, and negotiation support from first mandate to close.
M&A Advisory
02
Investment Enablement
We connect defense innovators with investors who understand the sector — facilitating capital access for scale-up, R&D, and international market entry.
Investment Enablement
03
Cross-Border Partnerships
We build alliances between Eastern European and global defense ecosystems — accelerating technology transfer, co-development agreements, and joint ventures.
Cross-Border Partnerships
04
Export Readiness
We help defense manufacturers and startups meet export standards, navigate compliance frameworks, and access international procurement opportunities.
Export Readiness
05
Strategic Advisory
End-to-end advisory on market entry, fundraising strategy, and transaction execution — tailored to defense and dual-use technology companies.
Strategic Advisory
01
M&A Advisory
For defense and dual-use technology companies considering a sale, acquisition, or merger, our advisors provide valuation, deal structuring, and negotiation support from first mandate to close.
M&A Advisory
02
Investment Enablement
We connect defense innovators with investors who understand the sector — facilitating capital access for scale-up, R&D, and international market entry.
Investment Enablement
03
Cross-Border Partnerships
We build alliances between Eastern European and global defense ecosystems — accelerating technology transfer, co-development agreements, and joint ventures.
Cross-Border Partnerships
04
Export Readiness
We help defense manufacturers and startups meet export standards, navigate compliance frameworks, and access international procurement opportunities.
Export Readiness
05
Strategic Advisory
End-to-end advisory on market entry, fundraising strategy, and transaction execution — tailored to defense and dual-use technology companies.
Strategic Advisory
Why Us
What Makes Us Different
01
Sector-Specific Deal Experience
Over a quarter of MergeWave's portfolio is in MilTech. We know how defense transactions are structured, what drives valuation, and where deals break down — before they do.
Sector-Specific Deal Experience
02
Access to a Vetted Investor Network
Every introduction to investors, buyers, and strategic partners is targeted and qualified. We don't run cold outreach — we run curated, deal-specific introductions.
03
Regulatory and Compliance Navigation
Defense transactions involve export controls, dual-use classification, and national security review. We handle the regulatory complexity so your deal doesn't stall at compliance.
01
Sector-Specific Deal Experience
Over a quarter of MergeWave's portfolio is in MilTech. We know how defense transactions are structured, what drives valuation, and where deals break down — before they do.
Sector-Specific Deal Experience
02
Access to a Vetted Investor Network
Every introduction to investors, buyers, and strategic partners is targeted and qualified. We don't run cold outreach — we run curated, deal-specific introductions.
Access to a Vetted Investor Network
03
Regulatory and Compliance Navigation
Defense transactions involve export controls, dual-use classification, and national security review. We handle the regulatory complexity so your deal doesn't stall at compliance.
Regulatory and Compliance Navigation
01
Sector-Specific Deal Experience
Over a quarter of MergeWave's portfolio is in MilTech. We know how defense transactions are structured, what drives valuation, and where deals break down — before they do.
Sector-Specific Deal Experience
02
Access to a Vetted Investor Network
Every introduction to investors, buyers, and strategic partners is targeted and qualified. We don't run cold outreach — we run curated, deal-specific introductions.
Access to a Vetted Investor Network
03
Regulatory and Compliance Navigation
Defense transactions involve export controls, dual-use classification, and national security review. We handle the regulatory complexity so your deal doesn't stall at compliance.
Regulatory and Compliance Navigation
THE RESULTS SPEAK. THE DEALS DON'T WAIT.
The results speak.
The sellers don’t have to.
Our 6-Step MilTech Deal Process
Legal and Regulatory Advisory
Tailored guidance across legal frameworks, export controls, and compliance requirements specific to your deal and jurisdiction.
Strategy Alignment Call
We learn your goals, asset profile, and market position. This defines the transaction roadmap and regulatory framework from day one.
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."
«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
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."
You can read more about us on Clutch.
TEAM
The Architects Behind Every Mandate
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.
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.
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 MilTech companies?
Which defense sectors do you work with?
Can you support international defense transactions?
How do you ensure confidentiality in defense deals?
Do you work with early-stage MilTech startups?
How long does a MilTech M&A process take?
How do you find buyers or investors for defense companies?
Who is this service best suited for?
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.