Private Capital & Advisory
Independent.
Selective.
Precise.
FRAMALI is a privately held investment and advisory company focused on complex corporate and capital situations. The combination of proprietary capital and selective mandates creates alignment and a long-term perspective. Established in 2014 as a private investment vehicle, expanded in 2024 to include selective advisory mandates.
Services
Focused support across transactions and non-transaction strategic situations — concise, senior-led, execution-oriented.
Capital Raising
Equity and hybrid solutions across private and public capital contexts.
Debt & Structured Finance
Tailored instruments, structuring, and stakeholder-ready capital stacks.
M&A & Shareholder Transactions
Buy-/sell-side support, secondary transactions, governance and alignment.
Restructuring & Strategic Advisory
Complex situations, stakeholder work, and market/platform advisory.
Investment
FRAMALI deploys proprietary capital across selected private and special situation opportunities. Investment activity supports alignment and reinforces a long-term perspective.
Advisory
Engagements are limited and relationship-driven. Mandate selection is intentionally narrow.
Selective mandates
M&A, capital structuring and hybrid instruments, corporate restructuring.
Strategic work
Market and platform advisory, including non-transaction projects.
Experience
Over 25 years of experience in international capital markets, structured equity and complex corporate situations. Selected transaction experience and references are available upon request.
Senior execution
Direct coverage, no layers, no junior “relay race”.
Alignment
Proprietary capital mindset alongside advisory work.
Discretion
High sensitivity situations handled quietly and carefully.
Team
Senior-led execution. Long-standing partnership. Global capital markets depth.
Armin Heuberger, CFA
Founder & Managing Director
More than 25 years of international experience across equity capital markets, equity-linked products, private placements and complex corporate transactions.
Former Senior Managing Director within Global Banking at UBS, where he led Equity Capital Markets in Germany and Austria, the Equity-Linked Capital Markets business across EMEA, and was responsible for the Private Placements franchise in Germany.
Over the course of his career, he has advised on and executed transactions exceeding USD 100 billion across Europe, the US and the Middle East.
BA in Economics and Computer Science (Macalester College), Master in Finance (London Business School), CFA Charterholder.
Koby Englender
Partner
Over 20 years of experience in international equity capital markets, emerging markets origination and structured equity solutions.
Former Managing Director at UBS in London, responsible for Emerging Markets ECM and Equity-Linked Origination.
Throughout his career, he has executed transactions exceeding USD 100 billion across public and private capital markets.
BA in Economics and International Relations, The Hebrew University of Jerusalem.
Armin Heuberger and Koby Englender have worked together for over two decades across global investment banking platforms and continue to collaborate on selected mandates.