Phone Number: +48 605691629 
KAROL SZYKOWNY
Partner
Karol Szykowny, CFA, has over 20 years of experience in corporate finance and investment banking, with a focus on M&A advisory.
Until March 2025, he was with Navigator Capital Group, one of Poland’s leading independent advisory firms, where he contributed to numerous cross-border and domestic transactions across industries, including HVAC, food, financial services, and consumer goods. Prior to that, he worked at KBC Securities and KPMG, gaining a solid foundation in M&A execution, due diligence, and financial analysis.
Karol holds two master’s degrees in finance-related fields from the Warsaw School of Economics and the Independent University of Business, Administration and Computer Science. He is a Chartered Financial Analyst (CFA) charterholder and has completed advanced training in financial modeling. He is fluent in English and Polish, and an active investor with a strong interest in capital markets.
Until March 2025, he was with Navigator Capital Group, one of Poland’s leading independent advisory firms, where he contributed to numerous cross-border and domestic transactions across industries, including HVAC, food, financial services, and consumer goods. Prior to that, he worked at KBC Securities and KPMG, gaining a solid foundation in M&A execution, due diligence, and financial analysis.
Karol holds two master’s degrees in finance-related fields from the Warsaw School of Economics and the Independent University of Business, Administration and Computer Science. He is a Chartered Financial Analyst (CFA) charterholder and has completed advanced training in financial modeling. He is fluent in English and Polish, and an active investor with a strong interest in capital markets.
Education
Warsaw School of Economics
Faculty of Finance and Banking
Master’s Degree in Investment Banking
Independent University of Business, Administration and Computer Science
Faculty of Economics
Master’s Degree in Financial Engineering
Chartered Financial Analyst (CFA) Charterholder
Faculty of Finance and Banking
Master’s Degree in Investment Banking
Independent University of Business, Administration and Computer Science
Faculty of Economics
Master’s Degree in Financial Engineering
Chartered Financial Analyst (CFA) Charterholder
Experience
Head of M&A Department – Navigator Capital Advisory → Led and grew the M&A practice, executing numerous cross-border transactions for strategic investors and founders.
Manager – KBC Securities → Managed corporate finance and ECM projects, including cross-border M&A and IPOs.
Analyst – KPMG → Early career support role.
Skills & Expertise
M&A (Sell-side & Buy-side)
Valuation & Financial Modelling
Corporate Finance Advisory
Cross-border Transactions
Manager – KBC Securities → Managed corporate finance and ECM projects, including cross-border M&A and IPOs.
Analyst – KPMG → Early career support role.
Skills & Expertise
M&A (Sell-side & Buy-side)
Valuation & Financial Modelling
Corporate Finance Advisory
Cross-border Transactions
Track Record
Sell-side (selected transactions):
Sale of Heiztechnik (Poland) to Hargassner (Austria, strategic investor)
Sale of Jabex (Poland) to Dawn Foods (USA, strategic investor)
Sale of Rakoczy Stal (Poland) to Hargassner (Austria, strategic investor)
Sale of Kospel (Poland) to Viessmann (Germany, strategic investor)
Sale of Budlex (Poland) to a private investor (Poland, strategic investor)
Sale of Promet (Poland) to a private investor (Poland, strategic investor)
Sale of Archidoc (Poland) to OEX (Poland, strategic investor)
Buy-side (selected transactions):
Acquisition of Fidelta (Croatia) by Selvita (Poland, WSE-listed strategic investor)
Acquisition of Tempo Finanse (Poland) by Everest Finanse (Poland, strategic investor)
Acquisition of Italiana Rimorchi (Italy) by Wielton (Poland, WSE-listed strategic investor)
Acquisition of Terma Bania (Poland) by Viriditas (Poland, strategic investor)
Acquisition of Sano (Poland) by Maxima (Lithuania, strategic investor)
Acquisition of Aldik (Poland) by Maxima (Lithuania, strategic investor)
Acquisition of F&F Europe (Netherlands) by Okechamp (Poland, strategic investor)
Sale of Heiztechnik (Poland) to Hargassner (Austria, strategic investor)
Sale of Jabex (Poland) to Dawn Foods (USA, strategic investor)
Sale of Rakoczy Stal (Poland) to Hargassner (Austria, strategic investor)
Sale of Kospel (Poland) to Viessmann (Germany, strategic investor)
Sale of Budlex (Poland) to a private investor (Poland, strategic investor)
Sale of Promet (Poland) to a private investor (Poland, strategic investor)
Sale of Archidoc (Poland) to OEX (Poland, strategic investor)
Buy-side (selected transactions):
Acquisition of Fidelta (Croatia) by Selvita (Poland, WSE-listed strategic investor)
Acquisition of Tempo Finanse (Poland) by Everest Finanse (Poland, strategic investor)
Acquisition of Italiana Rimorchi (Italy) by Wielton (Poland, WSE-listed strategic investor)
Acquisition of Terma Bania (Poland) by Viriditas (Poland, strategic investor)
Acquisition of Sano (Poland) by Maxima (Lithuania, strategic investor)
Acquisition of Aldik (Poland) by Maxima (Lithuania, strategic investor)
Acquisition of F&F Europe (Netherlands) by Okechamp (Poland, strategic investor)
International Experience
Austria (AT)
Germany (DE)
Croatia (HR)
Italy (IT)
Lithuania (LT)
Netherlands (NL)
Poland (PL)
United States of America (US)
Germany (DE)
Croatia (HR)
Italy (IT)
Lithuania (LT)
Netherlands (NL)
Poland (PL)
United States of America (US)
Sector Expertise
Agriculture
Automobiles & Components
Pharmaceutical industry
Retail
Financial Services
Manufacture of beverages
Food
Hotels, Restaurants & Leisure
Industrials
Steam and air conditioning supply
Business support service activities
Automobiles & Components
Pharmaceutical industry
Retail
Financial Services
Manufacture of beverages
Food
Hotels, Restaurants & Leisure
Industrials
Steam and air conditioning supply
Business support service activities
Keywords
M&A Advisory (Sell-side & Buy-side) Cross-border Transactions Strategic & Financial Investors Business Valuation & Financial Modelling Corporate Finance & Capital Markets Investment Banking Deal Execution & Transaction Structuring Due Diligence Coordination Negotiation & Stakeholder Management Fundraising & Private Placements Post-merger Integration Support Sector Expertise: HVAC, Food & Agribusiness, Retail, Pharma, Financial Services
