Font Size: a A A

Can The M&A Fund Help Listed Company Accomplish The Leverage Buyout?

Posted on:2019-10-18Degree:MasterType:Thesis
Country:ChinaCandidate:S Y WuFull Text:PDF
GTID:2429330566994754Subject:Accounting
Abstract/Summary:PDF Full Text Request
Recent years,the economy of China has stabilized steadily,but the shipbuilding industry is still in a grim situation.As a long-term industry,the shipping industry and shipbuilding industry still take time to see a clear rebound in the economy.Benefiting from the spring breeze of policy,the M & A market in China further developed and M & A funds also thrived in the spring breeze of policies,playing an increasingly important role in the M & A market.July 19,2017,the successful acquisition of Sunbird set off an uproar among M & A market,many agencies predict that this acquisition will usher Sunbird in a new spring.First of all,this acquisition is a leveraged buyout completed by a controlling shareholder leading the establishment of a M & A fund.Secondly,the structure of the transaction is exquisitely designed and is ensured through "share conversion" and "debt conversion" Capital security and promote the successful completion of mergers and acquisitions;Third,the acquisition of the subject of the sub-electronics is a military industrial enterprises,approval is extremely strict,and Asia is a typical private photoelectron enterprises,the acquisition is a "civil-military cooperation" typical case;therefore,the market is extremely Focus on the progress of the merger.This article will take Sunbird acquisition of Matsu electronics as a case,the acquisition of the majority of Sunbird Matsuyama electronic trading model analysis and interpretation of a detailed analysis of Sun Bird through the establishment of M & A funds for leveraged buyout process,summed up the mergers and acquisitions fund how to help Sunbird avoidance Audit risk,resolve financial problems,resulting in synergies;and problems arising in the merger and control loss of control loss and other in-depth analysis.The method of using M & A fund for leveraged buyout is extracted.It is suggested that enterprises should pay attention to keeping control right when they do the leveraged buyout and can use the method of "stock convertible bonds" to ensure that the capital of the sponsor is safe and secure.Confidence,and use "distant relatives" to complete the mergers and acquisitions to reduce the risk of listed companies to disclose.
Keywords/Search Tags:M & A funds, leveraged buyout, right of control
PDF Full Text Request
Related items