Argen Partners is an M&A advisory and private capital raising firm operating in Central and Eastern Europe with a focus on serving Nordic clients in the region

Argen Partners was founded on the basis of a CEE corporate finance team which had successfully done business in the region for more than 20 years.

With a complete coverage of Central and Eastern Europe, Argen brings the ability to identify opportunities in the entire region, provides uniform execution quality irrespective of geography and is able to tap sources of capital throughout the region and beyond.


Argen Partners team has advised on about a hundred closed transactions in Central and Eastern Europe totalling several billion euro mainly involving companies from Scandinavia and Finland

Owing to an integrated team of professionals of many regional nationalities, Argen has a particular edge in cross-border transactions.
This is instrumental in situations where an acquirer requires a swift understanding of acquisition opportunities in the wider region as well as consistency in execution quality from one transaction to the next.

For clients wishing to sell all or part of their businesses, the intimate regional knowledge allows

Argen to source strategic investment from less obvious sources, such as regional players willing to expand beyond domestic markets and international companies that are not yet present in the region but seek investment opportunities there.

For capital raisings, in addition to regional and international private equity investors, Argen has access to more discreet sources of capital, such as high-net-worth individuals and family offices from inside and outside the region.

Nauris Bērziņš

Nauris Bērziņš

Managing Partner

Before founding Argen Partners, Nauris was Managing Partner at Arlig Capital, a CEE M&A boutique. Prior to that he spent 12 years in the corporate finance division of Trigon Capital. He joined Trigon in 1998, specializing in M&A advisory for the TMT sector. In April 2001 Nauris became Director of Trigon Capital Poland and in 2004 was promoted to head the Corporate Finance division at Trigon Capital.

Before Trigon, Nauris worked as a securities analyst at the Tallinn subsidiary of Tempelman Securities, a Swedish brokerage house, from 1997 to 1998.

Nauris holds a BA degree in business administration from Concordia International University – Estonia.

Nauris is fluent in Latvian, English and Russian and has a good command of French.

Tomislav Čikulin

Tomislav Čikulin


Tomislav has over ten years of experience in investment banking and financial services in the CEE region. Tomislav is responsible for originating and executing M&A transactions, with a special focus on Poland and South East Europe.

Prior to founding Argen Partners, Tomislav spent nine years in Arlig Capital  and Trigon Capital’s Corporate Finance division. Before joining Trigon Capital, Tomislav worked for three years as supervisor in the audit department of KPMG Croatia.

Tomislav holds an MA degree in Management from University of Rijeka, Croatia and is a fellow of the UK Association of Chartered Certified Accountants (FCCA).

Tomislav is fluent in Croatian, English and Polish and has a good command of Italian.

Łukasz Boroń

Łukasz Boroń

Senior Advisor

Łukasz has over 15 years of senior leadership and execution experience in M&A transactions and in capital markets, gained in investment banking and in industry. Łukasz has been involved as an entrepreneur and executive board member in a number of businesses in debt management, IT and BPO in Poland. He is serving as non-executive board member of a private equity backed company in locomotive rent.

During his professional career in investment banking he worked as Board Member of Erste Securities Polska brokerage house in Warsaw and Vice President at Erste Group Bank in Vienna. In KPMG Corporate Finance in Warsaw he was promoted from Associate to Manager and Associate Director position. He started his career in Corporate Finance in Trigon Capital in Tallinn.

Łukasz acted as CFO and CEO of PKP CARGO (second largest rail cargo company in EU) and lead the company’s USD 0.5 bn IPO at the Warsaw Stock Exchange in 2013. Łukasz is a graduate of Finance and Banking Faculty from Warsaw School of Economics and he holds an MBA degree from IMD Lausanne (Switzerland).

Claudiu Petrescu

Claudiu Petrescu

Associate Partner

Prior to Argen, Claudiu had been with CEE M&A advisory firm Arlig Capital and the Corporate Finance division of Trigon Capital since 2007. Before that he was with the audit and assurance practice of PriceWaterhouseCoopers Romania. He was also head of corporate loans department at Banca Transilvania, Romania where, among other things, he was a credit committee member involved in structuring finance for large corporations.

He currently serves as Chairman of the Board of a listed Romanian agricultural company.
Claudiu holds an MA degree in International Business from Timisoara School of Economics (Romania), an ACCA qualification and an EMBA degree from Vienna University (Austria).

Claudiu is fluent in Romanian, English and German.

Selected Recent Transactions

2020, Winter
Finland - Baltics

Sale of Transpoint International's Baltics and CEE business

Sole M&A sell-side adviser

2019, Winter
Sweden - Slovenia

Acquisition of Slovenian bearings distributor Bell d.o.o.

Sole M&A buy-side adviser

2018, Winter
Sweden - Czech Republic

Acquisition of Czech bearings distributor Arkov

Sole M&A buy-side adviser

2017, Summer
Czech Republic

Acquisition of Czech producer of natural teas Leros

Sole M&A buy-side adviser

2016, Spring
Sweden - Czech Republic

Acquisition of Czech rubber products manufacturer ČGS Holding

EUR 1.2bn

Sole M&A buy-side adviser

2016, Spring
Japan - Poland

Acquisition of 49% in Polish rail car equipment manufacturer Medcom

M&A buy-side co-adviser with GCA Savvian

2015, Summer

Sale of VR Group’s (Finnish Railways) contract logistics division in Hungary

Sole M&A sell-side adviser

2015, Spring

Divestment of a stake on Polish arms producer Huta Stalowa Wola S.A.

Sole M&A sell-side adviser


Warsaw office

Małachowskiego Square 2, 4th floor
00-066 Warsaw
Tel.: +48 22 627 4100

Riga office

Aspazijas 20, 2nd floor
LV-1050 Riga
Tel.: +371 6711 5812