A Case Study Of JJGF Acquisition

In recent years,China's industrial upgrading and strategic adjustment of enterprises are increasingly affecting our enterprises,including private enterprises and state-owned enterprises,all types of enterprises have begun to look overseas for their own opportunities to expand assets and transfer risks.According to the current statistical data,the number of mergers and acquisitions of private enterprises is larger than that of state-owned enterprises,mainly through acquisition of high-end technology and vertical mergers and acquisitions that can reduce costs.However,in terms of the amount of Mergers and Aquisitions,state-owned enterprises still have greater advantages.In 2015,7 of the top 10 cases of overseas Mergers and Aquisitions in China were state-owned enterprises,and most of the large-scale Mergers and Aquisitions were state-owned enterprises.Under the impetus of the current changing international situation and the developing world economy,Chinese enterprises have undergone new changes in "going out"-the quality,scale,region and industry of overseas Mergers and Aquisitions targets have undergone tremendous changes,but the latest data show that from the perspective of the industry composition involved in cross-border Mergers and Aquisitions,there has been no obvious change,which shows that China is in the current stage.Cross-border mergers and acquisitions still have structural needs.In the increasing number of overseas Mergers and Aquisitions cases,successful Mergers and Aquisitions cases still can not dominate,so it is worth discussing whether cross-border Mergers and Aquisitions can ultimately achieve the expected value creation role.Based on this,the main research direction of this paper is how to improve the success rate of overseas Mergers and Aquisitions and make it play a valuable role.This paper discusses the case of JJ Group's overseas merger and acquisition of LF Hotel.In recent years,the merger and acquisition of JJ Group is a relatively large-scale and optimistic case in many merger and acquisition cases.This paper will analyze the merger and acquisition cases of JJ Group and LF Hotel Group from the perspective of performance evaluation,from which we can get the experience and enlightenment that the case can go smoothly.In the part of introducing the case,this paper introduces the industrial background,enterprise situation,motivation and process of merger and acquisition of both sides involved in the whole case.The performance evaluation of JJ Group's Mergers and Aquisitions case is mainly based on factor analysis,which analyses the change of the group's performance in four years.In recent years,factor analysis method has been widely praised as a method of performance evaluation.Through continuous improvement and innovation by predecessors,this method has been able to objectively and comprehensively evaluate the performance of mergers and acquisitions.After the full discussion,this paper draws the following conclusions:(1)After the overseas Mergers and Aquisitions,JJ Group's long-term performance has been improved,indicating that the group's Mergers and Aquisitions decision has achieved the desired results,which provides the impetus for the group's follow-up development and operation.(2)Short-term performance improvement after Mergers and Aquisitions is not significant.For Mergers and Aquisitions enterprises,the late integration activities have a significant impact on the success or failure of Mergers and Aquisitions,especially cross-border Mergers and Aquisitions.The synergistic role of Mergers and Aquisitions should be given considerable attention.In view of the conclusion,this paper summarizes the case of JJ Group's cross-border Mergers and Aquisitions,and puts forward some enlightenment and suggestions on the successful cases of cross-border Mergers and Aquisitions combined with its success.This paper chooses a typical case of leading enterprises in the hotel industry in China for analysis.On the one hand,it provides a reflection and summary for the enterprises to continue to expand the market abroad.On the other hand,it also provides more cross-border Mergers and Aquisitions activities for Chinese hotels and other industry enterprises in the future,realizes enterprise expansion well,enhances enterprise scale,operating performance and international competition.We can draw lessons from it.