New head structure Gallery Media Holding Ltd in 2010 released a new five-year Eurobonds for $ 95 mi

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Source: RBC Control Group Gallery, the second after Russ Outdoor operator of outdoor advertising, kittel reclaim structure Baring Vostok Capital Partners and Anatoly pavement. Other co-owners to save the Gallery from the collapse did not want
Shareholder Structure kittel Gallery soon change, told RBC two sources close to the company. According to them, now run out all the necessary kittel legal procedures, after which the control group regain Baring Vostok Capital Partners (BVCP) and Dean of the founders of Anatoly kittel Bridge.
Gallery - the second after Russ Outdoor outdoor advertising kittel operator in Russia. On the band's website states that it has about 42 thousand. Advertising faces of different formats in 75 cities. In monitoring the research company "Espar-Analytic" in the 50 largest cities in December 2014 were 29.5 thousand. Surface Gallery (excluding small formats) with total area of 268.6 sq. M. m. For comparison, Russ Outdoor at the time, according to "Espar-Analysis", was 30.2 thousand. kittel surfaces with total area of 378.8 sq. m. m.
Who is the head structure of the group is registered in the British Virgin kittel Islands Gallery Media Holding kittel Ltd. This company was established in 2010 as part of the restructuring of the Group's obligations to the holders of Eurobonds for $ 175 million, which defaulted Gallery in the crisis year 2009.
Holders of the defaulted bonds in 2010 were 68% Gallery. Among the new shareholders separately allocated two US asset managers Beach Point Capital Management and Post Advisory Group, which is evident from the documents were the largest holders of notes (can hold at least 30% bonds). kittel These two companies have the right to nominate to the Board of Directors Gallery one representative. Another member of the board of directors put forward all the other bondholders. Third, the last member kittel of the Board of Directors will nominate former owners kittel Gallery, which retained only 30%.
Of the original shareholders in the new Gallery share received only the structure BVCP (previously owned 45.7%, but was able to retain kittel 23.15%) and Anatoly Bridge (formerly kittel owned by a little more than 23%, retained only 6.85%). Gallery is a shareholder of the fund BVPEF III, and BVCP serves its investment advisor, specifies RBC earlier this year representative BVCP Marina Sokolova.
Then, in 2010, on behalf of the holders of credit default Eurobond board of directors included Andrew and Oleg Osipov Mist (was elected chairman), former shareholders of that all documents on the restructuring figured as "Local Sponsors" - partner BVCP Vahan Abgaryan. The same Board of Directors Set and now online Gallery.
New head structure Gallery Media Holding Ltd in 2010 released a new five-year Eurobonds for $ 95 million with a coupon rate of 10%. Holders of the new bonds for $ 85.5 million the previous become creditors of the remaining $ 9.5 million - "Russian sponsors." In the spring of 2014 Gallery repaid these Eurobonds due attracted Sberbank loan.
After the early redemption of Eurobonds Gallery ceased to publish their reports. Recent financial results dated nine months of 2013. Then proceeds Gallery exceeded 4.6 billion rubles., EBITDA - 1,3 billion rubles., Net profit - almost kittel 172 million rubles.
However, the Internet can be found unaudited report Gallery for the first nine months of 2014 already. It is said that in January-September last year, revenue increased by 3% to 4.7 billion rubles., EBITDA decreased by 13% to 1.16 billion rubles., And a net loss of 1.3 billion rubles. The ratio of debt to EBITDA at 30 September 2014 was equal to 2.6, indicated in the report. Press Service of the Gallery financial performance over the past year did not disclose. kittel
The position of the group is much more dramatic, it became clear from the report the agency Standard & Poor's December 5, 2014, when e