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Private Equity Funds Means To Exit The Localization Of Research

Posted on:2012-02-09Degree:MasterType:Thesis
Country:ChinaCandidate:J N ZhangFull Text:PDF
GTID:2216330338459719Subject:Civil and Commercial Law
Abstract/Summary:PDF Full Text Request
Private equity funds ideal operation mode for: Partial extremely wealthy individuals or groups not to open mode will be large amounts of capital in equity means infuse a unlisted but its considered a promising business or company in, auxiliary or promote its development, and in its market successfully after owned equity in the secondary market sale, retrieve the capital again after seeking investment objectives. Although this is private equity fund investors means to exit a, but also can fully shows investors invest aims to recover our costs also obtain certain benefits. Since then, any a private equity fund investors to invest in target infuse capital, must consider the target company before the agreement of both investment in expectations its recovery capital optimal path, and the target company fails to achieve both investment agreement expected situations how to preserve our sanity. This involves private equity funds out of way. From on macroscopic view, international private equity funds out of practices has four kinds: public listing, merger and acquisition and management buyback, bankruptcy liquidation, Microscopically speaking, it means to exit embodied in investment signed by both parties of the terms of the contract, such as HuiShu right, custody, shares pledge, voting rights, agents, etc. Although private-equity funds in China, need according to China's national conditions, in Chinese laws, regulations and policies on the level of operation, but based on capital international liquidity, large international private equity fund investors, the international background, private equity funds international basic rules of the game still needs to follow. Therefore, when we discuss private equity funds means to exit the localization of time must closely connected with the international factors.The innovation of this paper lies in for private equity funds means to exit the investigation of throughout the entire investment process last, behold, covers investors for the target company qualification examination period, previous investments for the essence of negotiation stage and conditions after investment exit phase. No matter on which stage, investors without exception, will ensure that oneself can safe exit the target company in the future as work of gravity. This paper except preface and epilogue outside, points in six parts for private equity funds exit localization for research. First of all, the first part through the introduction of private equity funds of the general theory, so that the reader can clear private equity funds in this paper the positioning. Secondly, the second part of private equity funds through the analysis of the current situation that its development in China, the necessity of localization, then explain the importance of perfecting local exit mechanism, ultimately jeopardize the significance of this study, Furthermore, the 3rd part through the macroscopic and microscopic two aspects analyzes international private equity game rules out of way, lead the fourth part of international prevailing means to exit the Chinese native feasibility analysis demonstrates, After that, the fifth part is private equity funds of native developments limitations unearths the private equity funds localization need to consider problems; Finally, the sixth part of private equity funds localization, put forward some Suggestions in order to private equity funds means to exit the localization of practical development assistance.
Keywords/Search Tags:private-equity funds, Exit way, Easibility
PDF Full Text Request
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