Research On Operation Of Buyout Fund By Listed Firm And PE

"Listed companies and PE" buyout fund is an innovative acquisition fund mode,Currently,it is developing rapidly in our country,Also getting the capital market investors favor and sought after.While it is recognized by the market,we should keep rational and actively to explore the motivations,operational mechanisms and possible problems in the operation of the new model.Therefore,it is of great practical significance to analyze the specific mode of operation of the model through the case.This paper mainly through case analysis and literature review methods to research and analysis "listed companies and PE" M & A fund operation model,A total of five parts.Firstly,it elaborates the background and significance of the topic,discusses the current situation of the relevant theoretical literature at home and abroad,and explains the innovation and shortcomings of the article.Secondly,taking the Zhongnan Cultural Media Fund as a case,This part briefly introduces the general situation of Zhongnan Heavy Industry and Zhongzhi Capital,the fund business situation and the composition of the elements of the Zhongnan Cultural Media Fund.Then,the background analysis of the case,through the data and industry analysis finding that China's listed companies M & A fund's advantages are to help listed companies achieve industrial transformation and upgrading,reduce the risk of PE's investment exit and activate the equity investment market.And then focus on the analysis of the reasons for the establishment of mergers and acquisitions of Zhongnan Heavy Industries,Finding that the main purpose is to achieve the transformation of the company to the cultural media industry,and then analyse the specific operation of the South China Cultural Media Fund comprehensively,finding that the project screening and fund managers set are buyout fund's unique advantages,Also fingding that the South China Cultural Media Fund are exsitting the post-management,departmental settings and other aspects of the shortcomings.Finally,through the advantages and disadvantages of Zhongnan Cultural Media Fund suggestting that the listed companies should look at the gambling agreement rationally,mergers and acquisitions fund must focu on small and medium-sized innovative enterprise layout and improve the target company's post-management capabilities.