Case Analysis About Private Equity Funds Exited During The IPO Lockout

Private equity funds become the pivotal financing channel gradually, theoperation mainly include fund-raising, investment, management, exit and exit workedas the key part. Among so many exit mechanisms, IPO is the way that people prefer toexit from private equity funds market, it brings significant impaction for privateequity funds due to1year and2months of lockout.This paper introduce relative theories briefly and domestic situation,thenshowing concept analysis and operation characters based on thinking about status quoof private equity funds to exit and classic cases in the period of IPO lockout fromOctober2012to December2013in the domestic A-share market. Then make acomparative analysis and trend analysis for status quo of private equity funds’exitmechanism through the latest industry data and put forward advantages and traitsabout Mergers and Acquisitions exit based on data analysis. By the analysis forsuccessful classic case existing from market during IPO lockout. The last part basedon analyses above and get a conclusion that private equity funds have multiple waysto exit, especially the mergers become the mainly route to exit in private equity fundsmarket in the future throw substitute the IPO.