M&A Fund "PE+Listed Companies" Model

Since 2011,the model of mergers and acquisitions fund-"PE + listed companies" has become the mainstream of China's industrial mergers and acquisitions fund.In September 2015,the SFC issued "on encouraging mergers and acquisitions of listed companies,cash dividends and repurchase shares of the notice" to encourage PE and other external investment institutions to participate in M&A,in 2014,2015 "PE + listed companies" M & A fund model reached a climax.This kind of M & A fund model is a process of continuous exploration and improvement whether it is the listed company itself or the mature Chinese capital market.This type of M & A fund's motivations,processes,risks,and regulation are well worth exploring.As the first domestic "PE + listed company" model,Silicon Valley Paradise and Dakang Farming from the beginning to the subsequent prosecution court has its typical significance,the reasons for its cooperation and why the conflict and then to the follow-up and the reasons behind it is worth We study,Which is of great significance to the development of this kind of M & A fund model.This article first illustrated theory support and innovation points of “PE+listed companies” M&A fund model.On the basis of this,the necessity and development trend of "PE + listed company" M & A fund model is expounded,After this paper choose Chinese “PE+listed com-panies”model “ silicon valley + DaKang Farming” as the research object of the development of its buy-out fund mode has carried on the concrete analysis.And mainly reveals the “PE + listed companies” wave of capital operation plan,including its motivation,procedures,difficult point problem and its risk analysis.Finally,this article,from the perspective of the interests of both sides,regulators to the three aspects of the "PE + listed company" model proposed countermeasures and suggestions,hope to be used "PE + listed company" model of the company and regulators have a certain reference value.