Tomsk "KDV group" gathered at IPO

The largest Russian producer of Snecov was thinking about holding the initial placement of shares. The company has already held meetings with potential IPO organizers. The current cost of the KDV business is estimated at $ 3.2 billion.

According to Kommersant, citing sources, the company recently met with potential accommodation organizers, including several international banks and one Russian.

Denis Shtengelov, the main beneficiary KDV, confirmed that there were meetings with insurance banks, but emphasized that there was no final decision on the exchange. “If this happens, it is definitely not in 2018,” he said. The approximate parameters of the possible IPO of the Shtengelov did not clarify.

The source of the publication in investment circles estimates the current value of the KDV group at $ 2.7–3.2 billion (160.5–190.2 billion rubles at the Central Bank rate), taking into account the growth rate of business. In recent years, the group has been one of the most active consolidators in the Russian consumer market. Only from the end of 2016, it fired near Moscow confectionery factories Ozersky Souvenir and Grand, the Globus factory in Ulyanovsk, more than 60 thousand hectares of land and Kolpnyansky sugar factory. Preparations for IPO can take several years taking into account the need to optimize the legal and financial structure, as well as build operating ties between assets.

Tomsk “KDV group” is one of the largest producers of snacks and confectionery in Russia. Combines more than ten enterprises that produce over 300 types of products. The brand portfolio includes Yashkino, Bond, 3 crusts, Kiriyshki, Comes, Beerka, Babkin seeds and others. The capacity of production, according to their own data, exceeds 400 thousand tons of products per year. The group has its own supermarket network "Bright!" (about 380 stores in Siberia and Moscow Region). In the ranking of the largest private companies in Russia 2017, Forbes KDV magazine takes 95th place with revenue of 95.3 billion rubles. Denis Shtengelov in October 2017 Bloomberg estimated at just more than $ 1 billion.