The private equity arm of Russian investor UFG Asset Management has hired Arthur Akopyan from venture firm New Generation Investment (NGI) as a partner.
Akopyan has 15 years of operational and corporate finance experience in telecoms, media and IT services.
He has spent the past four years performing restructuring work for Russian companies and has served as CFO for several Russian internet and telecommunications businesses.
UFG senior managing partner Robert Sasson described Akopyan as a “significant new hire”.
He said, “I am delighted to welcome Arthur to our private equity team.
“His extensive hands-on track record of direct investments and company turnarounds, deep understanding of the asset management business and first-hand expertise in several industry sectors, will significantly strengthen UFG’s value-added approach to investee companies throughout the investment cycle, from origination to execution.”
Akopyan said, “I think UFG is extremely well positioned to capture new growth opportunities in Russia.
“I look forward to working with the private equity team to continue building its investment expertise and capability in the region.”
Earlier this month UFG PE was among a consortium of Russian private equity investors which committed to supporting a $100m investment programme for cinema chain Karo Film after picking up a controlling stake in the company.
Baring Vostok Private Equity, UFG PE and the Russian Direct Investment Fund have installed Moscow-based media entrepreneur Paul Heth as CEO of the Russian business.
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