The largest shareholders of “Children’s world” has sold to investors of 15.94% retailer :: Business :: RBC

After completion of the transaction, the share of AFK “Sistema” in the company’s share capital will amount to 20, and 38% (with 33,38%), the proportion of RCIF to 4.62% (7,56%). The volume of shares in free float will amount to 75%.

Global co-sponsors and bookrunners of the offering are Credit Suisse Securities (Europe) Limited, Goldman Sachs International, Sberbank CIB and “VTB Capital”. Also bookrunner of the deal were Alfa-Bank.

The selling shareholders have made commitments to netcasting of shares (lock-up) within 90 calendar days from the date of completion of the offering.

AFK “System” and RCIF will offer investors a little less than 16% of the “Children’s world”

“Significant interest in the proposal reflects the fundamental investment appeal of “Children’s world”. In growth and an increasing contribution of online sales channels, confirming the correctness of the strategic choice omnichannel model. We have always been convinced that all of the stakeholders interested in improving the liquidity of the stock, and doing everything necessary”, — said the President of AFK “Sistema” Vladimir Chirkov, he was quoted as saying in a statement.

Chirkov noted earlier, the liquidity of the company grew thanks to the SPO in 2019. Then almost a quarter of the shares of the retailer were sold for 15.9 billion. Now with the increase in the proportion of shares in free float the company’s liquidity will increase significantly.

“Placing shares “Children’s World” was the first successful placement of Russian securities this year. […] We see tremendous interest and opportunities for Russian companies going public and raising capital from leading international investors despite the global impact of the pandemic,” — said Dmitriev.

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“AFK “System” remains a major shareholder of “Children’s world” and will continue to support its strategic development aimed at strengthening leadership in the market, the development of online sales channels and expanding the geography of presence”, — said the President of the company.

As at 31 may 2020 “Children’s world” ruled 851 store in Russia, Belarus and Kazakhstan. In addition to the flagship brand, the retailer is engaged in the development of networks ELC, ABC, and shops of products for animals “Tozeur”. In the first quarter of 2020 revenue the retail chain “Detskiy Mir” has grown by 11.2% year-on-year and amounted to 31 billion rubles.

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