Post on 01-Apr-2015
Description
Of
The
Transaction
Case Gruppo M&G
M&G POLIESTER S.A.M&G Poliéster S.A.
M&G Polímeros Brasil S.A.
Other Investors: - Pension funds- Mutual funds- Individuals
MGlobal Participações Ltda.
M&G Internacional S.A.
Simest S.p.A.
M&G Finanziaria
Mossi & Ghisolfi S.p.A.
15,8%
88,47%
100%
100%
84,2%
11,53%
Gruppo Mossi & Guisolfi
{ In Brasile
In
Italia
PUBLIC COMPANY
M&G POLIESTER S.A.M&G Poliéster S.A.
M&G Polímeros Brasil S.A.
Other Investors: - Pension funds- Mutual funds- Individuals
MGlobal Participações Ltda.
M&G Internacional S.A.
Simest S.p.A.
M&G Finanziaria
Mossi & Ghisolfi S.p.A.
15,8%
88,47%
100%
100%
84,2%
11,53%
Gruppo Mossi & Guisolfi
M&G Polímeros Brasil S.A.
{
M&G POLISTER S.A.M&G Poliéster S.A.
M&G Polímeros Brasil S.A.
Other Investors: - Pension funds- Mutual funds- Individuals
MGlobal Participações Ltda.
M&G Internacional S.A.
Simest S.p.A.
M&G Finanziaria
Mossi & Ghisolfi S.p.A.
15,8%
88,47%
100%
100%
84,2%
11,53%
Gruppo Mossi & Guisolfi
M&G Polímeros Brasil S.A.
{
$
M&G POLIESTER S.A.M&G Poliéster S.A.
M&G Polímeros Brasil S.A.
Other Investors: - Pension funds- Mutual funds- Individuals
MGlobal Participações Ltda.
M&G Internacional S.A.
Simest S.p.A.
M&G Finanziaria
Mossi & Ghisolfi S.p.A.
15,8%
88,47%
100%
100%
84,2%
11,53%
Gruppo Mossi & Guisolfi
{M&G POLIMEROS S.A.
€$ 83 MI+ IP rights
Sao Paulo Pernambuco
Gruppo Mossi & Guisolfi
M&G POLIMEROS S.A.
M&G POLIESTER S.A.
M&G Motivation:
M&G owned the technologyM&G could transfer the technology to a 3rd
partM&G Polimeros was in bad financial
conditionIt would be difficult to get funding in BrazilThere would be no competitionEconomic reports recommended the new Co.
Gruppo Mossi & Guisolfi
Gruppo Mossi & Guisolfi
M&G POLIESTER S.A.
M&G POLIMEROS S.A.
M&G POLIESTER S.A.M&G Poliéster S.A.
M&G Polímeros Brasil S.A.
Other Investors: - Pension funds- Mutual funds- Individuals
MGlobal Participações Ltda.
M&G Internacional S.A.
Simest S.p.A.
M&G Finanziaria
Mossi & Ghisolfi S.p.A.
15,8%
88,47%
100%
100%
84,2%
11,53%
Gruppo Mossi & Guisolfi
{M&G POLIMEROS S.A.
€$ 83 MI + IP rights
100%
Gruppo Mossi & Guisolfi
6 months later…
M&G POLIESTER S.A.M&G Poliéster S.A.
M&G Polímeros Brasil S.A.
Other Investors: - Pension funds- Mutual funds- Individuals
MGlobal Participações Ltda.
M&G Internacional S.A.
Simest S.p.A.
M&G Finanziaria
Mossi & Ghisolfi S.p.A.
15,8%
88,47%
100%
100%
84,2%
11,53%
Gruppo Mossi & Guisolfi
{M&G POLIMEROS S.A.
100%
Independent AAA
Consultant
Evaluation:
€$ 264 MI
M&G POLIESTER S.A.M&G Poliéster S.A.
M&G Polímeros Brasil S.A.
Other Investors: - Pension funds- Mutual funds- Individuals
MGlobal Participações Ltda.
M&G Internacional S.A.
Simest S.p.A.
M&G Finanziaria
Mossi & Ghisolfi S.p.A.
15,8%
88,47%
100%
100%
84,2%
11,53%
Gruppo Mossi & Guisolfi
{M&G POLIMEROS S.A.
100%
Independent AAA
Consultant
Evaluation:
€$ 264 MIM&G Poliester S/AProposed "Incorporation of actions” ofM&G Polimeros S/A
M&G POLIESTER S.A.M&G Poliéster S.A.
M&G Polímeros Brasil S.A.
Other Investors: - Pension funds- Mutual funds- Individuals
MGlobal Participações Ltda.
M&G Internacional S.A.
Simest S.p.A.
M&G Finanziaria
Mossi & Ghisolfi S.p.A.
15,8%
88,47%
100%
100%
84,2%
11,53%
Gruppo Mossi & Guisolfi
{M&G POLIMEROS S.A.
100%
€$ 264 MI
M&G POLIESTER S.A.M&G Poliéster S.A.
M&G Polímeros Brasil S.A.
Other Investors: - Pension funds- Mutual funds- Individuals
MGlobal Participações Ltda.
M&G Internacional S.A.
Simest S.p.A.
M&G Finanziaria
Mossi & Ghisolfi S.p.A.
15,8%
97,1%
100%
100%
84,2%
2,9%
Gruppo Mossi & Guisolfi
{
M&G POLIMEROS S.A.
100%SQUEEZED!
NO MINORITY RIGHTSJUST INDIVIDUAL RIGHTS