"Our core expertise is to provide independent corporate and investment advice to domestic and international clients who invest across the various sectors of the Russian economy and to the Russian clients with respect to their objectives outside of Russia"


Corporate Finance

The Team

Selected Recent Transactions

Deal list since inception

Advisory work for Rusenergo Fund, 2010-2014




Andrei Boulanov Andrey Boulanov
Director, Head of M&A Execution
Andrey joined Xenon in January 2011. Since then, he has worked on numerous deals in the Russian power, oil&gas and media sectors. Most recently, Andrey was actively involved in the landmark advisory to the core shareholders of Eurasia Drilling Company, Russia’s largest drilling company, on taking the Company private and the sale of a significant minority stake (c.46%) to Schlumberger. In 2015, he also worked on a $200mm acquisition of the 75% stake in operating assets of CTC Media by UTH Russia followed by a cash-out merger transaction to allow a buyout of shares held by Modern Times Group (MTG) and public minority shareholders and subsequent delisting. In 2012, Andrey coordinated the work of the private equity consortium comprised of Rusenergo Fund, AGC Equity Partners, RDIF and MRIF on with regard to the purchase of a 26.43% stake in the leading Russian power producer generator OJSC ENEL OGK-5, the largest ever private equity transaction in the Russian power sector.

Prior to joining Xenon, Andrey spent 3 years at J.P. Morgan in their Industrial Investment Banking Group in London and Moscow where he was largely dedicated to transactions in transportation, steel, and fertilizers.

Andrey holds a masters degree from the Higher School of Economics in Finance and a degree from Paris I Pantheon-Sorbonne in Economics.

Andrey is a passionate Ironman triathlete (Ironman Nice 2013, Ironman Zurich 2014, Ironman Copenhagen 2014).

Alexey Kirichok Alexey Kirichok
Alexey is an Associate in XENON.

Prior to XENON Alexey spent 3 years as an investment banking and equity research analyst at Sberbank CIB, focusing primarily on Consumer and Metals & Mining sectors.

Alexey graduated from Financial University under the Government of the Russian Federation. Alexey also studied Finance in Complutense University of Madrid as an exchange student.

Alexey loves winter sports and thinks he is a strong cross-country skier.

Ksenia Kushner Ksenia Kushner
Ksenia joined Xenon in April 2015.

She was involved in a $200mm acquisition of 75% in operating assets of CTC Media by UTH Russia and a take-private of Eurasia Drilling Company by its core shareholders.

Prior to Xenon, Ksenia interned in Equity research department at Credit Suisse (Moscow) with focus on Transportation and Metals and mining sectors

Ksenia holds a masters degree from the Higher School of Economics in collaboration with the London School of Economics and Political Science.

Ksenia is passionate about the Spanish language, and was a volunteer of the Spanish tourism campaign.




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