BY-HEALTH Established A Private Equity M&A Fund To Analyze The Performance Of Cross-border Mergers And Acquisitions

This paper mainly studies the cross-border mergers and acquisitions of Australian Life-Space Group Pty Ltd(hereinafter referred to as LSG)by Tangchen Beijian,a listed company,using the private merger and acquisition fund Tangchen Baisheng.Firstly,this paper combs and summarizes the relevant literature and theories,and on this basis,introduces the motivation,operation process and the path of cross-border M&A of private equity M&A funds affecting corporate performance from the theoretical level.Secondly,it introduces the background,participants and merger process of the case.Then,based on the theory and the actual situation of the case,the paper qualitatively analyses the motivation,skills and problems of M&A.The case's market performance and financial performance are quantitatively analyzed by event study method and factor analysis method respectively,and the net profit of Tongchen Beijian and LSG of M&A target is predicted by grey prediction method.Finally,the research conclusion is drawn and explained,and the case enlightenment and suggestions are given.Through this study,we draw the following conclusions,inspirations and suggestions: conclusion: cross-border M&A using private equity M&A funds has a significant positive impact on the company's market performance;cross-border M&A using private equity M&A funds has a V-shaped impact on the company's financial performance,which first declines and then rises.The enlightenment is that listed companies need to select suitable M&A targets first,then adopt appropriate M&A models,and then make use of appropriate policy advantages when making cross-border M&A.It is suggested that the government should establish overseas security mechanism,optimize private investment environment and strengthen government coordination function;listed companies need to rationally evaluate the value of the target,create a platform for value enhancement,and attach importance to the integration of M&A;PE institutions need to enhance their professional ability and establish risk prevention awareness.