Advised the Wayne Burt Group on Divestment of its Hydraulic Cylinder Business to Pennar Industries

Advised the Wayne Burt Group on Divestment of its Hydraulic Cylinder Business 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 admin