Former Infosys Director Mohandas Pai on the economic slowdown and India Inc’s woes

Former Infosys Director TV Mohandas Pai speaks to Business Today about possible solutions for the economic slowdown, India Inc’s worries, tax …

Former Infosys Director Mohandas Pai on the economic slowdown

August 9, 2019
Former Infosys Director TV Mohandas Pai speaks to Business Today about possible solutions for the economic slowdown, India Inc’s worries, tax terrorism and the NBFC crisis. Watch the video for more.

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    PAI consortium gets regulator approval for €885m Koninklijke Wessanen bid

    An investor group led by PAI Partners has had its €885m cash offer for Dutch healthy food producer Koninklijke Wessane …

    An investor group led by PAI Partners has had its €885m cash offer for Dutch healthy food producer Koninklijke Wessanen approved by Dutch regulators.

    Shareholders have been offered €11.36 per share of the business under the deal, which has been recommended to shareholders by the company’s executive board. The offer period will run until 6 September 2019.

    Founded in 1765, Koninklijke Wessanen says it provides healthy and sustainable food thorough a number of brands such as Kallø, Clipper Teas and Whole Earth.

    The consortium has said it supports Wessanen’s plans to grow its brands in its core categories, upgrade its operations and make selective acquisitions.

    PAI partner Gaëlle d’Engremont said, “Wessanen has a leading position in the European organic and health food market. PAI shares the Boards’ vision to establish Wessanen as an even stronger European leader and will ensure the company remains at the forefront of the health food industry. In particular we fully support the company’s B Corp ambitions.

    “We are convinced that our network and track record in the food industry will support Wessanen’s growth objectives and enable the company to advance through to its next phase of development.”

    PAI closed its latest fund, PAI Europe VII on €5bn in April last year, smashing its €4bn target after less than three months of marketing.

    Earlier this year, it was announced that PAI had entered into exclusive talks to sell budget hotel chain B&B Hotels to Goldman Sachs’ Merchant Banking Division.

    Copyright © 2019 AltAssets

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    PAI Partners-backed firm seals triple deal

    PAI Partners-backed M Group Services (MGS), a provider of infrastructure services, has announced three bolt-on acquisitions, taking the total number …

    PAI Partners-backed M Group Services (MGS), a provider of infrastructure services, has announced three bolt-on acquisitions, taking the total number of deals by the private equity owned business to eight in just over two years.

    The company, acquired by PAI Partners in July 2018, has bought Industrial Water Jetting Systems, Avonline Networks and Tomato Plant Company. MGS has £1bn in turnover.

    Following…

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    PAI-led consortium secures debt for Wessanen buy

    The consortium, comprising private equity firm PAI Partners and Charles Jobson agreed on an €885m acquisition, it was announced on Wednesday.

    LONDON, April 10 (LPC) – Bankers have lined up €445m of debt financing to back an acquisition of sustainable food provider Koninklijke Wessanen by a PAI Partners-led consortium.

    The consortium, comprising private equity firm PAI Partners and Charles Jobson agreed on an €885m acquisition, it was announced on Wednesday.

    The consortium agreed to pay €11.5 per share of Wessanen, in cash, 21% higher than Wessanen’s closing price of €9.47 on March 13, the day prior to the announcement by Wessanen regarding its discussions on a possible cash offer.

    Following the completion of the transaction, PAI will hold around 62% in the consortium and Charles Jobson will hold around 38%.

    The acquisition will be funded with €445m of senior debt financing, alongside €484m in equity.

    The offer is expected to close in the second half of 2019.

    Wessanen, which provides healthy and sustainable food in the European market, had revenues of €628m in 2018 and employed on average 1,350 people. (Editing by Claire Ruckin)

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    PAI-led consortium secures debt for Wessanen buy: Reuters

    Bankers have lined up €445m of debt financing to back an acquisition of sustainable food provider Koninklijke Wessanen by a PAI Partners-led …

    Bankers have lined up €445m of debt financing to back an acquisition of sustainable food provider Koninklijke Wessanen by a PAI Partners-led consortium.

    The consortium, comprising private equity firm PAI Partners and Charles Jobson agreed on an €885m acquisition, it was announced on Wednesday.

    The consortium agreed to pay €11.5 per share of Wessanen, in cash, 21% higher than Wessanen’s closing price of €9.47 on March 13, the day prior to the announcement by Wessanen regarding its discussions on a possible cash offer.

    Following the completion of the transaction, PAI will hold around 62% in the consortium and Charles Jobson will hold around 38%.

    The acquisition will be funded with €445m of senior debt financing, alongside €484m in equity.

    The offer is expected to close in the second half of 2019.

    Wessanen, which provides healthy and sustainable food in the European market, had revenues of €628m in 2018 and employed on average 1,350 people.