Tuesday, December 30, 2014

“Chocolate” has sold 40% of the shares of Gold Povarenkin – RBC

"Chocolate" has sold 40% of the shares of Gold Povarenkin – RBC

As part of the transaction, the Group consolidated into a single holding company. Today the network includes such cafes as “Chocolate”, “Coffee House”, “Wabi Sabi” and “Asia Cafe”. Also, it will enter the Israeli confectionery cafe “Max Brenner”, which is presented now in Moscow two cafes.

The founder and controlling shareholder of “Chocolate” Alexander Kolobov said that the current market situation not only creates problems for businesses, but and provides opportunities for growth. “I personally know Acmero Capital team for several years, and I am pleased that we will now form one team, developing the company’s strategy,” – quoted him as saying in a press release of investment.

Managing Partner Acmero Capital Siman Povarenkin in turn, said that his company sees great potential in this sector. “Based on a detailed analysis of the players and teams, we have clearly identified Alexander as a guru in the catering industry, and together we will focus on the creation of enterprises that may become industry leaders of Russia, as well as to compete successfully at the international level,” – quoted in the press Povarenkin release. Povarenkin, Kolobov and Denis Russinovich (Investment Director Acmero Capital) will be included in the board of directors of the new company.

According to RBC Investment Director Acmero Capital Denis Russinovich, a deal initiated fund five months ago. “We are interested in this business, watched other players, concepts, but we fund focus on the team and a key partner. Kolobov has created not just pretty popular place – important business model, “- explains Russinovich. The transaction value not disclosed. However, the share Kolobov in franchise Burger King remained outside the deal, stressed Russinovich. In the future, the combined holding company plans to open new formats catering establishments.

Businessman Siman Povarenkin known primarily for his work in the mining industry. In the early 2000s, he was a partner Povarenkin the main beneficiary of the “Industrial Investors” Sergei Generalov, leading the board of directors of the group. In 2007 Povarenkin purchased from “Industrial investors” its mining and metallurgical assets – gold assets in Russia, Armenia and Georgia. On the basis of the purchased assets was established company GeoProMining, which is owned by Povarenkin. He also invested in mining assets in Vietnam. In 2008, the French media called Povarenkin as a buyer chateau “Gabriel” – a three-storey house near Deauville (Normandy luxury resort on the shores of the English Channel), formerly owned by fashion designer Yves Saint Laurent. According to French media, for the house was paid € 9,6 млн.

At the beginning of October Alexander Kolobov has closed a deal to buy the main competitor “Chocolate” – the second largest network of “Coffee House”. Both networks have appeared almost simultaneously, until 2011. “Coffee House”, opened the first coffee house in the year ahead, “Chocolate”, overtook her, but later gave way to leadership positions. “Coffee House” owned offshore “Enor Enterpraysiz”, which is associated with Timur Khairutdinova and bankers Cyril Jakubowski (16%), Sergey Radchenkovu (16%), Andrey Vdovin (17%), as well as network CEO Vladislav Dudakov (5%) . However, in the summer of 2014 Radchenkov Vdovin and denied any involvement in the asset.

Today, the combined network of more than 500 restaurants and conceptual networks operating under the brand “Chocolate” and “Coffee House”, as well as Japanese Restaurants “Wabi Sabi “and” Asia Cafe “. The holding includes a network of Israeli confectionery “Max Brenner”, two cafes which are located in Moscow. We Coffeeshop, Starbucks and “Caffeine” for three little over 190. Turnover “Chocolate” with the new asset in 2014 to exceed $ 450 million.

In addition to the “Chocolate” Alexander Kolobov in partnership with “VTB capital “owns a franchise to open fast food Burger King. Its franchise to the network in Germany Kolobov lost in November 2014. Company Kolobov and businessman of Turkish origin Ergun Yildiz Yi-Ko-Burger King franchisee was at the center of the scandal associated with the failure of the labor legislation. As reported by the German television channel RTL, Yi-Ko kept the salaries of employees who were on sick leave and holiday pay and overtime. Burger King prematurely terminated the contract with Yi-Ko, and 89 points, the management company, was closed by court order. In late November, Yildiz sold his half of the Yi-Ko Alexander Kolobov. Later Kolobov tried to negotiate with the opening of Burger King restaurants closed again, but he did not succeed, then Yi-Ko filed for bankruptcy.

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