Case Study Of Overseas Mergers And Acquisitions By Buyout Fund

In recent years,the m&a market in China has been developing rapidly,and there have been many different kinds of investment and financing tools and new m&a models.Mergers and acquisitions in China funds also obtained the swift and violent development in the market,for our country economic development,industrial structure transformation,expansion of international business provides a strong role in promoting.In the process of the development of global integration,China's foreign investment amount is increasing,and the investment amount for the first time in 2016 surpassed the utilization of foreign capital scale,from the perspective of the current market,our country enterprise the main use of foreign investment in overseas mergers and acquisitions.If domestic companies want to make acquisitions abroad,how they will finance will be key to the success of mergers and acquisitions.Due to indirect financing way to a certain extent can become formatting,the process of operating funds must not encourage the investment funds into their own capital,caused our country enterprise overseas mergers and acquisitions in the process of produce large funding gap,at this time,can avoid the problem of private equity funds into the limelight.In recent years,with the relevant state departments to the understanding of the buy-out fund,and give the attaches great importance to,make use of mergers and acquisitions fund for overseas acquisitions this financing model has been widely concerned.Zoomlion is a well-known enterprise in our country,and has initiated many mergers and acquisitions.This paper selects the case study of CIFA in the case study.Although this case occurred in 2008,there have been many domestic scholars from the perspective of financing way,transnational mergers and acquisitions in this case were studied,little research has been done from the perspective of mergers and acquisitions fund this.This paper deeply studies the m&a dominated by hony fund in the role of the m&a events,and then discusses "buy-out fund + listed companies financing mode for Chinese enterprises to conduct overseas mergers and acquisitions in the future are feasible.Through the case study found that private equity funds to help enterprises to carry out overseas mergers and acquisitions activity has many advantage,mergers and acquisitions fund its own professional advantages and extensive network,can in the whole process of mergers and acquisitions in the integration of resources,optimize the trade structure,design the financing strategy,etc.After further in-depth analysis found that in the process of enterprise overseas mergers and acquisitions,mergers and acquisitions fund can effectively help enterprises to provide the funds required for the mergers and acquisitions,mergers and acquisitions as a "cultural buffer" after solving the contradiction during the process of integration and collection target enterprise information such as market,political environment of the host countries and lower m&a failure probability from various angles.The above advantages can be a good way to solve the financing problem of Chinese enterprises to go to sea m&a,reduce the use of indirect financing,and avoid the risk.The research also found that m&a funds have drawbacks such as large intermediary transaction fees and principal-agent problems.At the end of this article,we will make specific Suggestions on the macro and micro level.