Opening up new opportunities in the ancient world

Your trusted financial partner & advisor.

Opening up new opportunities in the ancient world

Your trusted financial partner & advisor.

Opening up new opportunities in the ancient world

Your trusted financial partner & advisor.

About us

About us

About us

OUR STORY

OUR STORY

We are Reformatics Capital, your trusted partner in unlocking central Asia’s potential.

We are Reformatics Capital, your trusted partner in unlocking central Asia’s potential.

Reformatics Capital is an independent financial advisory firm built on the deep expertise and proven track record of Reformatics, a leading economic and public policy consulting firm, with over 12 years of experience in reforming public services and driving economic growth across 30+ governments. Reformatics Capital bridges the gap between Central Asian economies and international investors.

Reformatics Capital is an independent financial advisory firm built on the deep expertise and proven track record of Reformatics, a leading economic and public policy consulting firm, with over 12 years of experience in reforming public services and driving economic growth across 30+ governments. Reformatics Capital bridges the gap between Central Asian economies and international investors.

Reformatics Capital is an independent financial advisory firm built on the deep expertise and proven track record of Reformatics, a leading economic and public policy consulting firm, with over 12 years of experience in reforming public services and driving economic growth across 30+ governments. Reformatics Capital bridges the gap between Central Asian economies and international investors.

We offer a comprehensive suite of investment banking and financial advisory services, including:

We offer a comprehensive suite of investment banking and financial advisory services, including:

DEEP REGIONAL EXPERTISE

DEEP REGIONAL EXPERTISE

Proven track record in designing and implementing reforms across key sectors in Central Asia.

Proven track record in designing and implementing reforms across key sectors in Central Asia.

STRATEGIC INSIGHTS

STRATEGIC INSIGHTS

Comprehensive understanding of local geopolitics, economic trends, and investment opportunities.

Comprehensive understanding of local geopolitics, economic trends, and investment opportunities.

SECTORAL EXPERTISE

SECTORAL EXPERTISE

In-depth knowledge of investable industries and leading corporates.

In-depth knowledge of investable industries and leading corporates.

EXTENSIVE NETWORK

EXTENSIVE NETWORK

Well-established relationships with regional stakeholders and governments.

Well-established relationships with regional stakeholders and governments.

WORLD-CLASS TEAM

WORLD-CLASS TEAM

A highly experienced advisory board and investment banking professionals.

A highly experienced advisory board and investment banking professionals.

At Reformatics Capital, we combine global financial expertise with a deep understanding of emerging markets, ensuring client-centric, unbiased, and results-driven financial advisory services.

Founded by a team of seasoned professionals, our firm is committed to playing an active role in capital market development. We are dedicated to driving sustainable economic growth, financial innovation, and investment success in the region. 

At Reformatics Capital, we combine global financial expertise with a deep understanding of emerging markets, ensuring client-centric, unbiased, and results-driven financial advisory services.

Founded by a team of seasoned professionals, our firm is committed to playing an active role in capital market development. We are dedicated to driving sustainable economic growth, financial innovation, and investment success in the region. 

OUR MISSION IS TO CONNECT AMBITIOUS INVESTORS WITH UNTAPPED OPPORTUNITIES IN CENTRAL ASIA, DELIVERING IMPACTFUL RESULTS.

OUR MISSION IS TO CONNECT AMBITIOUS INVESTORS WITH UNTAPPED OPPORTUNITIES IN CENTRAL ASIA, DELIVERING IMPACTFUL RESULTS.

OUR MISSION IS TO CONNECT AMBITIOUS INVESTORS WITH UNTAPPED OPPORTUNITIES IN CENTRAL ASIA, DELIVERING IMPACTFUL RESULTS.

Work we do

Work we do

OUR SERVICES

OUR SERVICES

OUR SERVICES

We help businesses optimize financial strategies, raise capital, navigate market complexities, and achieve sustainable growth through tailored solutions.

We help businesses optimize financial strategies, raise capital, navigate market complexities, and achieve sustainable growth through tailored solutions.

Corporate advisory in debt raising from IFIs and commercial banks

Corporate advisory in debt raising from IFIs and commercial banks

Corporate advisory in DCM Debt Capital Markets

Corporate advisory in DCM Debt Capital Markets

M&A and private market transactions advisorY

M&A and private market transactions advisorY

Corporate advisory in investor relations

Corporate advisory in investor relations

Corporate advisory in IPO diagnostics

Corporate advisory in IPO diagnostics

Cross-border M&A advisory

Cross-border M&A advisory

Corporate advisory in restructuring/reorganization

Corporate advisory in ECM Equity Markets

Corporate advisory in ECM Equity Markets

Advisory in deal structuring

Advisory in deal structuring

Corporate advisory in credit ratings

Corporate advisory in credit ratings

Company & Asset Valuation advisory

Company & Asset Valuation advisory

Due Diligence advisory

Due Diligence advisory

Management

Management

Management

OUR TEAM

OUR TEAM

Our team is passionate about making a considerable impact in all we do. Our unique experience and approach deliver enduring results, true to each client`s specific situation.

Our team is passionate about making a considerable impact in all we do. Our unique experience and approach deliver enduring results, true to each client`s specific situation.

Nika Gilauri

Nika Gilauri

Executive Chairman

Executive Chairman & Founding Partner

Founding Partner

  • 30+ years working experience in private and public sectors

  • Managing partner at Reformatics since 2012, the leading public services consulting firm in emerging markets

  • A senior advisor to McKinsey & Company since 2014

  • 8 years in government - Prime Minister (2009-2012), Minister of Finance (2007-2009), of Energy (2004-2007)

  • 10 years in various senior positions in finance, investments and business development 

  • Education: Economics and Finance from University of Limerick and MBA from Temple University

  • 30+ years working experience in private and public sectors

  • Managing partner at Reformatics since 2012, the leading public services consulting firm in emerging markets

  • A senior advisor to McKinsey & Company since 2014

  • 8 years in government - Prime Minister (2009-2012), Minister of Finance (2007-2009), of Energy (2004-2007)

  • 10 years in various senior positions in finance, investments and business development 

  • Education: Economics and Finance from University of Limerick and MBA from Temple University

Goga Melikidze

Goga Melikidze

Chief Executive Officer

Chief Executive Officer & Managing Director

  • 20+ years working experience in finance, sell-side investment banking and on the capital markets

  • CIO at the Pension Agency of Georgia since Apr. 2020

  • 9 years in Galt & Taggart (leading investment bank in Georgia) on various senior positions

  • CEO of the first PE and VC holding in Georgia: Liberty Capital & Smartex VC

  • Economic advisor to Prime Minister of Georgia

  • Education: Finance and economics BBA, Private Equity & Venture Capital from Harvard Business School. Strategic Investment Management, M&A from London Business School

  • 20+ years working experience in finance, sell-side investment banking and on the capital markets

  • CIO at the Pension Agency of Georgia since Apr. 2020

  • 9 years in Galt & Taggart (leading investment bank in Georgia) on various senior positions

  • CEO of the first PE and VC holding in Georgia: Liberty Capital & Smartex VC

  • Economic advisor to Prime Minister of Georgia

  • Education: Finance and economics BBA, Private Equity & Venture Capital from Harvard Business School. Strategic Investment Management, M&A from London Business School

Tornike Kordzaia, CFA

Tornike Kordzaia, CFA

Deputy CEO

Deputy CEO & Managing Director

Managing Director

  • 14 years working experience in money management and finance

  • Chief Retail Officer & COO at Liberty Bank

  • CFO of MSME & Retail at TBC Bank

  • Investment research & investment management roles, 6 years

  • Head Of Research at TBC Capital

  • Sectoral Expertise: Fixed Income, Residential & Commercial Real Estate, Tourism & HORECA, FMCG, Beverages, Automotive, Energy

  • European Equity Research with Exane BNP Paribas

  • Senior Associate at Georgia Co-Investment Fund and Georgia Partnership Fund

  • Education: Oxford MBA, Oxford Private Equity Institute, CFA Charter Holder

  • 14 years working experience in money management and finance

  • Chief Retail Officer & COO at Liberty Bank

  • CFO of MSME & Retail at TBC Bank

  • Investment research & investment management roles, 6 years

  • Head Of Research at TBC Capital

  • Sectoral Expertise: Fixed Income, Residential & Commercial Real Estate, Tourism & HORECA, FMCG, Beverages, Automotive, Energy

  • European Equity Research with Exane BNP Paribas

  • Senior Associate at Georgia Co-Investment Fund and Georgia Partnership Fund

  • Education: Oxford MBA, Oxford Private Equity Institute, CFA Charter Holder