Investors have not tried out “ Rosinter “the Last IPO the Russian companies of a consumer sector pass not too successfully. Did not become an exception and placing of restaurant holding “ Rosinter “: yesterday the company has placed hardly less than 26 % of actions in RTS on $32 for a paper at a price band of $31 - 43. To in total shareholders “ Rosintera “ during IPO it was possible to gain $100 million instead of expected $125 million, and capitalisation of the company after dopemissii on $60 million will make $380 million
During IPO “ Rosinter “ has placed 25,97 % of actions on $32 for the action that is closer to the bottom border of the established price band ($31 - 43). The placing volume has made $100 million, more the company will involve $60 million after placing in a course dopemissii actions on the closed subscription which will be redeemed by existing shareholders through company RIG Restaurants Limited. Capitalisation of the company after dopemissii will make $380 million Auctions by actions “ Rosintera “ In RTS have begun on Friday. As the organizer of placing has acted “ the Renaissance the Capital “.
According to the basic shareholder “ Rosintera “ Rostislava Ordovsky - Tanaevsky - Blanko, during placing the book of demands at the price of $32 was perezapolnena twice. “ as a whole we remained are happy IPO as in a situation when the market falls, could and drop out at all of a price band “ - it explains. In connection with an adverse situation in stock market shareholders “ Rosintera “ have decided to reduce and quantity of actions in the free reference - from 28,6 % to 26 %, the mister Ordovsky - Tanaevsky - Blanko tells. Earlier shareholders expected to involve about $125 million Following the results of placing a share of the mister Ordovsky - Tanaevsky - Blanko will be reduced from 85,83 % to 61,292 %, a share minoritariev (managers of the company) - from 14,16 % to 12,73 %.
Open Society “ Rosinter Restorants Holding “ It is based in 2004 by Rostislavom Ordovsky - Tanaevsky - Blanko. Unites networks “ IL the Patio “ “ a land Planet “ “ the American bar and a grill “ “ Moka Loka “ “ 1 - 2 - 3 cafes “. On a franchise develops networks T. G I. Fridays and “ the Siberian crown “. Includes 192 restaurants (38 - franchajzingovye) in Russia, in Ukraine, in Belarus, Kazakhstan, Czechia, Hungary and Latvia. The consolidated gain in 2006 on MSFO - $218,6 million, EBITDA - $26,2 million, a debt/ EBITDA - 2,7. Restaurants “ Rostik ` with - KFC “ from the end of 2005 are allocated in the separate company, at owner KFC Yum! Brands there is an option for the repayment of 100 % of its actions in 2011 - 2013.
last placings of the Russian companies of a consumer sector have passed not too successfully. To developer division of holding “ Martha “ RTM and a retail network “ Diksi “ It was necessary to reduce a price band on the eve of closing of the book of demands, and the group PEAK the day before yesterday has hardly taken place on the bottom border of a price band. An analyst “ Uralsiba “ Anton Tabah explains unsuccessful placings of these companies by the general condition of stock market. By estimates of analysts “ Antanty - the Capital “ from April, 26th till May, 30th RTS index has fallen to 16 %. “ There is a big outflow of money to other developing countries “ - mister Tabah argues. He also pays attention to great volume of placings of the Russian companies this year: in 2006 volume IPO of the Russian companies has made $17 mlrd (of them a consumer sector - $903 million), this year - already $22 mlrd (a consumer sector - $1,4 mlrd). “ And in the beginning of this year was very large two placings - VTB and the Savings Bank where investors have enclosed the basic means “ - he specifies.
analyst Deutche Bank Alexey Krivoshapko considers that $380 million - “ Good capitalisation for ` Rosintera ` if to consider a condition of stock market and financial indicators of the company “: “ At ` Rosintera ` some more years will not be good indicators on net profit (the forecast for 2007 - $0,78 million, 2008 - j - $12,4 million - ) “. The Vice-president of fund Trust Private Equity Fund Andrey Zubkov considers that fair cost “ Rosintera “ - $350 million