Pankowski Advisory

Independent M&A, strategy and value creation advisory.

Independent advisory focused on transactions, growth strategy and value creation across Central & Eastern Europe, specialized in health, fitness, wellness and technology-enabled businesses.

We work with founders, shareholders, investors and management teams where sector knowledge, transaction discipline and operational understanding materially shape the outcome.

19years across M&A, strategy and business building
4closed transactions in 2025-2026, including 3 exclusive sell-side mandates
€10-30menterprise value range in selected advised M&A processes
150+valuations, financial models and corporate finance analyses conducted
5+chain, franchise and network business models supported across strategy, growth and M&A
Szymon Pankowski, founder of Pankowski Advisory

About

Senior-led advisory for transactions, growth decisions and value creation.

Pankowski Advisory works where M&A, strategy and operating reality meet: preparing a business for sale, approaching investors, assessing strategic options or building value before a formal process starts.

The practice is led by Szymon Pankowski and supported by lean specialist teams. We combine transaction discipline with in-depth understanding of healthy lifestyle and technology-enabled businesses - their consumers, potential, synergies and operational challenges. The work is supported by active relationships with selected private equity investors, family offices, strategic buyers and senior sector decision-makers in Poland and across CEE.

Direct involvementDirect senior involvement, without unnecessary layers between the owner, the decision and the work.
Sector and case understandingSpecialist understanding of health-related and technology-enabled businesses, combined with case-specific analysis of buyer logic, growth path and investor fit.
PracticalAdvice grounded in market context, business model, margin, scalability, technology, hands-on operating experience and execution reality.

Services

Advisory services across the value creation and transaction path.

We help owners, investors and management teams identify value, strengthen the business case and convert it into strategic partnerships, investor interest or M&A execution.

01 Ownership choice

Strategic direction

Helping owners and shareholders assess the best next step: sell, wait, raise capital, acquire, build partnerships, reshape the model or improve first.

Services include

  • Strategic review and alternatives
  • Build, partner, raise capital, acquire or sell scenarios
  • Shareholder and management alignment
02 Business improvement

Growth levers

Finding market, partnership, pricing, margin, technology and AI-driven improvements in an AI-shaped business environment - with hands-on support for selected initiatives.

Services include

  • AI, digital and technology-enabled growth opportunities
  • Partnerships, business development and commercial logic
  • Margin, unit economics, scalable expansion and operational excellence
03 Investment case

Investor positioning & readiness

Preparing the company as a clear investment case and defining which type of investor or partner fits the situation.

Services include

  • Equity story and transaction materials
  • Value drivers, risk map and buyer logic
  • Strategic buyer, PE and family office fit
04 Transaction execution

Process ownership

Managing the process end to end: investor approach, materials, communication, negotiations and closing discipline.

Services include

  • Investor outreach and process management
  • Negotiation, documentation and decision support
  • Full process support from initiation to signing and closing

Sectors

Sector focus built around health, fitness, technology and scalable models.

Our strongest sector experience sits in health-related businesses and technology-enabled growth. We focus on markets and models where customer behaviour, scalability, technology and investor appetite need to be translated into a credible value story.

Health-related businesses

Health, Medical, Longevity & Beauty

Healthcare services, aesthetic medicine, beauty products, longevity concepts, mental health and wellbeing, and selected health platforms.

Sports and active lifestyle sectors

Fitness, Wellness & Active Lifestyle

Fitness clubs, sport-related businesses, wellness concepts, active lifestyle brands, consumer communities and membership models.

Business models across sectors

Chains, Franchise & Network Models

Across our core and selected adjacent sectors, we support franchise systems, multi-site service concepts, rollout models, membership businesses and platform-like operating models.

Digital and technology-enabled

Technology, AI & Digital-Enabled Services

Experience with tech-based and digitally scaled businesses supports work on technology-enabled services, digital platforms, e-commerce, subscription models, employee benefits and insurance-adjacent businesses.

Experience

Projects where a standard approach is not enough.

Some mandates are not solved by simply running a process. They require understanding the sector, shaping the buyer universe, translating operating reality into investor logic and keeping founder, management and investor expectations aligned. Management and corporate venture-building experience helps us understand that strategy needs to be delivered, not only presented on screen.

Situations where we add value

  • Founder-led sale processes
  • Market-leading businesses needing stronger investor positioning
  • Non-obvious buyer universe
  • Strategic partnership design and support
  • Investor type selection
  • Cross-border investor dialogue
  • Equity story development
  • Unit economics and scalability optimisation

Recent M&A activity, 2025-2026

Selected mandates across fitness, aesthetic medicine services and products, and consumer businesses.

  • Dermatic Group - exclusive sell-side advisory to founders in a strategic investor acquisition process (private investor / family office)
  • Xtreme Brands - exclusive sell-side advisory to founders (financial investor)
  • Perfect Look Clinic - exclusive sell-side advisory to seller (private investor / family office)
  • Private advisory to seller of a leading e-commerce baby products and stroller brand (financial investor)

Earlier notable projects

Previous corporate finance work included sell-side, buy-side, privatisation and modelling assignments across multiple sectors.

  • Sell-side advisory to owners of MyTravel.pl, acquired by Wakacje.pl / Wirtualna Polska Holding
  • Sell-side advisory to owners of OK System Polska, acquired by Medicover
  • 3 buy-side mandates executed
  • 15+ closed privatisation processes
  • 150+ financial models, valuations and corporate finance analyses

Business building and transformation

Operating experience covers health ventures, franchise and multi-site models, digital development, AI-era strategic questions and business model reshaping.

  • Welbi.pl health venture at Nationale-Nederlanden
  • Perfect Look Clinic growth and operating transformation
  • Family office investment and asset supervision
  • Owner/operator exposure in boutique fitness and wellness businesses

Approach

Start with the right questions.

The most valuable advisory work often happens before a formal process: pressure-testing assumptions, finding the right strategic path and deciding who should be in the conversation. This is where an independent view, market knowledge and relevant investor access can materially improve the outcome.

01

Clarify the real choice

Sell now, build more value, raise capital, find a strategic partner, acquire, or wait? The right answer depends on objectives, timing, market context and execution capacity.

02

Test the value story

Market position, business model, economics, growth levers, AI potential and risks need to form one coherent, investor-ready view of value.

03

Bring the right people into the conversation

Strategic buyers, private equity, family offices, sector partners and international counterparties require different preparation, messaging and process ownership.

Contact

Discuss a potential transaction, growth path or strategic situation.

szymon@pankowski.com

Direct senior contact. No intermediaries.

Pankowski Advisory M&A, strategy and value creation advisory szymon@pankowski.com