Arkadiy Mutavchi — financier, investor, PhD in law and bachelor’s in economics. Owner of Tacticum Investments S.A.
Early years and education
Arkadiy Ivanovich Mutavchi was born in Ungheni in the then Moldovan SSR. His first labor experience was acquired while in high school – he worked at a local fish farm as a laborer. In 1988, he was called up for a 2-year military service. Arkadiy devoted a lot of time and efforts to education. In 1989 after having completed his military service, Mutavchi was enrolled in the then Kaliningrad State University (later renamed to Immanuel Kant Baltic Federal University). In 2001, he graduated with a degree in law from the University of the Ministry of Internal Affairs. He would later enroll in the Presidential Academy, graduating with a PhD degree in Law. At the same time, Arkadiy Mutavchi was ramping up on his skills at the Higher School of Economics. In 2010, Mutavchi enrolled again in the Presidential Academy.
Career
While still a student (1990), Mutavchi Arkadiy fought off a stiff competition and landed a managerial job at Sijata, a Soviet-Hungarian joint enterprise. The company specialized in import and export of goods, especially supply of engineering products from the USSR to Europe. Arkadiy Ivanovich Mutavchi left for the capital in 1992 where he started developing his entrepreneurial skills. Same year, he established a partnership called Safety. The company imported German-made personal protective equipment to domestic consumers. Mutavchi Arkadiy Ivanovich established his first development project — a peasant farm enterprise called Rus — in 1994. Arkadiy bought a land plot, obtained permission to change its intended use, connected the land to utilities, and found an investor who selected a place to build a sanatorium. This entrepreneurial initiative was successfully realized and became a business model that was later used by many entrepreneurs. In 1995, Mutavchi was called to serve as Deputy Director on legal issues at Stalservice, a major manufacturer of drilling and machining facilities. He moved to Metal-Impex in 1997, where he supervised metal toll processing activities, and developed measures to reduce the cost of purchased goods. Mutavchi Arkadiy incorporated Shelda in 1998 in partnership with other shareholders. The company traded wholesale in rolled metal products. The company used competing payment methods — barter and bill of exchange schemes. The project turned out beneficial even during the financial crisis. Two years later, Mutavchi Arkadiy Ivanovich would sell his stake. He immediately created Profintek and began to explore the oil market. The company purchased oil, refined it and sold the products. He sold his stake in this successful business in 2002. In 2008, Mutavchi Arkadiy headed the Kungur Group, specializing in metal production and processing. Here, he set out to implement his ambitious plans: taking the company public via an initial public offering (IPO), acquiring foreign assets and developing the international market. But the global financial crisis in 2008 ruined these plans. The entrepreneur would return to business projects in 2015, having bought Trigrad, a licensed management company that deals with portfolio investment. Later, he focused on Tacticum Investments S.A., his private business. Arkadiy Ivanovich Mutavchi has accumulated extensive entrepreneurial experience in such areas as export and import of goods, trade, construction and other sectors.
The investment journey of Mutavchi Arkadiy Ivanovich
Arkadiy Mutavchi started with small investments, but by the time Arkadiy founded Tacticum he was able to multiply his capital and owned many lucrative assets. The 90s were a period of rapid growth for him. He worked on off- and stock exchange domestic markets, successfully invested and increased his funds. From the late 90s and early 2000s, Arkadiy continued to boost his capital through various business projects, including investments in gold coins. Mutavchi Arkadiy’s investment efforts were eventually channeled towards creating Tacticum.
History of Tacticum Investments
In 2019, Mutavchi Arkadiy witnessed a milestone event – Tacticum was incorporated, and it acquired holding company Long Term Investments S.A. holding (would be renamed to Tacticum Investments a year later). Investing in Long Term Investments S.A. (LTIL) is one of Mutavchi Arkadiy’s riskiest investments. LTIL was founded as a subsidiary of Long Term Investments LLC in 2014. The company’s 100% stake was owned by Regionfinansresurs, a closed-end mutual fund managed by a private independent company. The purpose of LTIL, incorporated in Luxembourg (where it is still registered under a new name), was to invest in various Western companies. In May of the same year, LTIL bought out a 50% stake in Camfin S.p.A., the company that holds a controlling stake in tire giant Pirelli. In March 2015, the company sold its 50% stake in Camfin S.p.A. as part of a buyback deal. After forming an alliance with ChemChina, a Chinese chemical enterprise, Marco Polo Holding was formed in August 2015, where LTIL held a minority stake. Having secured a loan under an LBO scheme from financial and lending institution J.P. Morgan, Marco Polo acquired 100% stake in Pirelli in October of the same year. In April 2017, investment group WHPA, which predicted the listing of Pirelli shares, bought 100% of the shares in Long Term Investments. In October 2017, as part of a re-IPO, LTIL closed some of its positions in Pirelli securities that had increased in value. The company diversified its investment portfolio geographically and by sectors in 2019, acquiring, among other things, shares at pharmacy chain 36.6 (it would sell the shares a year later). WHPA sold 100% of LTIL to Tacticum in December 2019. At the time of acquisition, LTIL had an impressive debt load — Pirelli securities had been falling in value since 2017. Arkadiy called the decision to strike the deal after comprehensive legal and financial evaluation. Mutavchi Arkadiy Ivanovich’s investment plan was based on the anticipated revival of the European market, and thus an increase in the value of Pirelli’s securities. The situation was complicated by the COVID-19 pandemic in 2020 and Pirelli’s decision not to pay out dividends. Mutavchi sold some shares and continued to look for options on how to reduce the cost of borrowing. Tacticum Investments S.A. sold its remaining shares at Pirelli in 2023.
Tacticum Investments today
Tacticum Investments specializes in investing and is focused on maximizing return on equity and increasing the resilience of assets to market changes. Mutavchi Arkadiy has brought together professionals, each with many years of experience in investment, consulting and banking. Tacticum Investments S.A. projects are implemented using its equity capital and funds borrowed from financial institutions. Tacticum Investments trades on the stock market, invests in securities, and makes profit from the growth of assets in price and dividends. The company provides support for stock exchange transactions, including M&A deals. Tacticum Investments S.A. has all the necessary infrastructure, tools and conditions that create a favorable environment for attracting and supporting investments.
Personal life and interests
Arkadiy Mutavchi is married and has three children. Mutavchi is fond of literature – Arkadiy’s personal library contains many unique and valuable books. Mutavchi Arkadiy’s interests also include science — he is the author of various analytical and expert works.
