SALE OF WAYNE BURT GROUP HYDRAULICS TO PENNAR INDUSTRIES

SALE OF WAYNE BURT GROUP HYDRAULICS TO PENNAR INDUSTRIES

Project Description

Wayne Burt Group : A $2 billion asset based conglomerate comprising of a group of companies of with diversified interests in Engineering & Aerospace, Oil & Gas, Petrochemicals and Energy businesses with a strong presence in India and USA. The Founder – Promoter of the Wayne Burt group – Mr. T.G.S.Mahesh is a first generation technocrat entrepreneur and an investment banker with experience across various sectors – IT, Telecom, Manufacturing, Banking and with the proven expertise of turning around companies into highly successful profitable ventures. Pennar Industries Limited : Pennar Industries Limited is one of the leading engineering organizations in India with diverse product offerings. It is a multi-product, multi-location enterprise, manufacturing a wide range of value-added steel products. Pennar’ s products find application in diverse segments such as Railways, Automobiles, Building & Construction, Pollution Control, Infrastructure, Road Safety Systems and General Engineering. Merisis Advisors advised the Wayne Burt Group, an Indian industrial company on its divestment of Hydraulics Cylinder Business to Pennar Industries, a publicly listed Indian industrials group in October 2013 in a domestic M&A transaction.

Client: Wayne Burt
Date: Oct 2013

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Project Details

Date January 21, 2016 Categories Author Sumir