About us

ASCENDANT Capital Advisors is the leading M&A advisory in the region of Southeast Europe. As an exclusive member of IMAP Inc. - a global network of M&A advisors, ASCENDANT staff in offices in Zagreb, Sarajevo and Ljubljana cover the whole region and are integral part of the IMAP global team of more than 500 M&A experts in 40 countries.

These resources enable us to provide unparalleled support to local companies and international investors looking for the best fit and professional advice for implementation of their M&A strategies in Southeast Europe.

ASCENDANT has been ranked no. 1 M&A advisor in the region by Mergermarket by the number of closed transactions with value of up to €100 million in the last 10 years.

Deals profile

Since its formation in 2003 ASCENDANT has closed deals worth in excess of €400 million (EV) in more than 45 transactions accross a variety of sectors and industries. In the past few years we have become the leading independent house covering the mid cap sector where typically average deal size is €10 million (EV).

Our approach

We have a thorough understanding of all the relevant sectors in the region and keep up with the latest developments and industry trends both regionally and globally. Our network of industry specialists combined with international network of contacts and direct access to decision makers in mid cap to large companies makes our advisory approach unique on the regional market. Our strong negotiation skills, as part of every process we engage in, bring an additional value to the satisfaction of our clients.

Closed deals

More than
€400m (EV)

in more than 45 transactions

Cross border transactions


of all closed transactions

Investors from



Completed transactions (up to 100m Euro) 2004 - 2015, Bosnia & Herzegovina, Croatia, Slovenia, Serbia

Rank House Value (EUR M) Number of Deals
1Ascendant d.o.o.14520
2UniCredit Group38414
5CES Mecon508
6Raiffeisen Centrobank1277
7Caper d.o.o606
8Erste Group Bank AG2124
9ARKAS corporate finance1184
10CA IB Corporate Finance (formerly Creditanstalt Investmentbank)714

source: Mergermarket

Staff Profile

ASCENDANT staff are predominantly from the private equity, financial advisory and investment banking sectors and include individuals from widely differing backgrounds and nationalities. Bringing with them an accumulated knowledge of over 100 years of transaction experience, our professionals are 100% focused on your transaction.

Core values


Ascendant is owned and managed by its Partners. It is not part of any banking, brokerage group or equity fund and does not have any hidden agenda or objective other than to provide the best solutions and services for its clients.


Ascendant is dedicated to supporting entrepreneurs selling their companies. We understand the entrepreneurial spirit and the challenges and doubts faced by owners selling their life’s achievement. Our core client base consists of family-owned enterprises in transition.


Integrity, honesty and confidentiality form the basis of our reputation, which we consider to be our greatest asset. We carry out all of our assignments with complete discretion. We accept only exclusive mandates where we can add value to the transaction. We assiduously avoid all potential conflicts of interest and even the appearance of conflict of interest.


We are committed to our clients for the duration of our assignment no matter how long or how difficult. Our objective is to build strong relationships with our clients, to understand their business and personal objectives and to commit the proper resources to make sure those objectives are achieved.


We strive to achieve the highest level of quality and excellence in all of our assignments, without regard to the size of the assignment or the resultant material benefit. We continuously review the quality of our documentation, standardizing our work across all our offices. We believe in the continuous upgrading of our staff with key acquisitions from related financial institutions.

We use cookies only to track visits to this website. Please accept cookies in your browser. Learn more about cookies

I accept