Study Of The Business Model Of Buy-Out Fund

Over the past few years, with mergers and acquisitions made in the implementation of the lane and "new country nine" was promulgated and revised the "merger and reorganization of listed companies management approach," the introduction of China's listed companies staged a series of mergers and acquisitions drama, major asset restructuring the number and amount have reached record highs. This process, participants merger technique after another, using the skills and deal structure is different. It is worth noting that acquisitions in buyout funds play a non-negligible role.Policy in the spring, the listed companies and equity investment institutions to establish buyout funds around to do mergers and acquisitions of listed companies more and more cases. Especially in the second half of 2014 so far, "listed companies & PE" this model in full swing in China's securities market. In this process, some PE firms at the forefront, some PE firms followed suit, in which Paradise Valley Asset Management Group and its subsidiaries Paradise Valley's most famous asset management group. Since this model has played a huge role in the adjustment of industrial structure, promote the healthy development of capital markets, etc., and other forms of buyout funds have not been great progress. Therefore, this paper, "listed companies & PE mode" as research, by comparing the foreign buyout funds ideas and organizational forms to resolve the strengths and weaknesses of this unique model. Detailed study of this form involved, "fund raising, investment, administration after administration, project exit" and found that the operation of the law. Meanwhile, Paradise Valley and buyout funds established by Jingxin Pharmaceutical example to explain the details of this model. The researchers set up their ideas, forms of participation, financing and other issues specific to invest. Finally, the issue of concern as the model of a comb.This thesis is divided into five parts: The first part: introduction. Explained the background, significance, literature review and innovation of this article; Part II: Buyout Fund elaboration. Describes the characteristics buyout funds, the development of history, theory and set up in the form of mergers and acquisitions; the third section: statistics. Statistics introduce domestic use "Listed Companies & PE" acquisition fund model, specific statistical characteristics of Chinese Listed Companies & PE "mode and its development status; Part IV: Case comb. In the perspective of the authors work practices to Paradise Valley Paradise Valley analyze several classic case of buyout funds, its mode of operation to sort out. Description The "fund raising, investment, after investment management, project exit" process; Part V: My buyout funds in the development of the difficulties encountered in the analysis, and recommendations for improvement, and its future prospects.