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The CX Partners Deal Bonus for TSN on sale of TSI India

  1. dreambuyer

    1,231 Posts.

    Based on an announcement made to the market by TSN on 3-12-12 TSI Secures $22 million investment for Indian ATM business.

    Two points:

    1) CX will invest a total of $1.217 million rupees (22.13 million aud based on Aud1 to Inr55)

    2) CX partners to share in profits in greater proportion than TSN's shareholding upon the achievement of a greater than 25% IRR on the original investment made by CX Partners in the ratio of 80:20 based on the sale of securities held by CX partners.

    So based on these two points, we can see that TSN is actually winning value with the fall of the Aud and the strengthening of INR in terms of point 1.

    And point two clearly shows that TSN will get more than 25% on the sale of TSN if CX achieves the minimum IRR. People can do the sums based on $300 million and what CX will have paid.

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