Arkady Rotenberg of TPC Real Estates Holdings. It was reported that Arkady Rotenberg made this move after being placed on the U.S. sanctions list. As a result of the annexation of Crimea by the Russian Federation, Barack Obama, then President of the United States, signed an executive order instructing his government to impose sanctions on the Rotenberg brothers and other close friends of the President Putin, including Sergei Ivanov and Gennadi Timchenko. These persons were placed on the Specially Designated Nationals List. As a result of the sanctions, Visa and MasterCard stopped servicing SMP Bank. In September 2014, Italy seized €30 million
Operating partner industry(es). They typically focus on strategic planning, commercial growth, operational efficiency and financial controls, and lever their analytical and industry experience to solve problems facing portfolio companies. The role of an operating partner can span the full investment cycle, from due diligence to post transaction integration through to a liquidity event or full exit event. Operating partners are levered by investors and boards as a catalyst for change, as coaches or mentors and in some cases, to serve as “sparring partners” for management. Operating partners may oversee short to medium term as well as long-term operational improvement programs for a