Research On The Operation Of "PE+Listed Companies" Buyout Funds

In recent years,as domestic buyout funds demand and market size have grown,buyout funds have begun to rise.Combined with the development status of domestic buyout funds,it can be found that the “PE+ listed company” buyout fund model is the most innovative and developmental mode at the moment.Such mergers and acquisitions funds have quickly gained popularity in capital market investors due to their rapid financing and high leverage.However,it cannot be ignored the issues because of the advantages of the “PE+ listed company” buyout fund model,and choose it blindly.It is necessary to explore this new model.In addition to generating drivers,it is necessary to analyze its operational mechanism and related issues.This paper takes a case study method to deeply study the specific operation mode of the model and its impact on listed companies,which has great practical significance.This paper focuses on the issues related to the operation mode of “PE+ listed companies” buyout funds,and combines the following two analytical methods to explain,one is the case analysis method,and the other is the literature review method.The full text is divided into six parts.Firstly,it expounds the background and significance of the topic,discusses the current research status of relevant theoretical literature at home and abroad,and explains the innovations and inadequacies of the article.Secondly,this paper introduces the related concepts related to the research content,and summarizes the three modes of “PE+ listed company” buyout funds.Then introduce the case of Zhongnan Culture Fund's acquisition of Qianyizhicheng,focusing on the analysis of the motivation of Zhongnan Heavy Industry's establishment of buyout funds,and found that its main purpose is to realize the transformation of the company into the cultural media industry.Then it conducts a comprehensive research and analysis on the specific operation of the Zhongnan Cultural Fund,and finds that it has unique advantages in project screening and fund manager setting.At the same time,it finds that Zhongnan Culture Fund has defects in post-investment management and department setting.Then it analyzes the impact of buyout funds on its layout and development from the perspective of listed company strategy.Finally,it summarizes the problems in the operation process of the Zhongnan Cultural Fund,and proposes that listed companies should also pay attention to the gambling agreement and other proposals in addition to information disclosure.