Analysis Of Value Promotion And Exit Of Buyout Fund Merger And Acquisition In China

With the continuous growth of China's economy,China's capital markets have become more mature,corporate mergers and acquisitions have become more frequent,and the scale has also been increasing.buyout funds have gradually grown and expanded,entered people's horizons,and achieved rapid development.Now they have become capital.The important issue of the market.Compared with the general buyout method,buyout funds have unique advantages in buyout.Buyout funds help expand the financing channels of companies,increase the efficiency of buyout,increase the diversity of capital markets,and improve the capital market expertise of companies.The level of corporate governance,and so on.Therefore,the growth of buyout funds will be of great benefit to China's capital market and the real economy.However,compared with Western developed countries,China's capital market construction is still relatively backward,laws and regulations are not perfect,the overall competitiveness of enterprises is still relatively weak,and the ability to integrate and allocate funds is not strong.These reasons make our country unable to complete at this stage.To copy the experience of Western countries,we should explore the new model of buyout funds based on our own actual conditions.China's first buyout fund,Hony Capital,was established in 2003.It is still more than 10 years ago.The buyout fund is still continuously optimized in China.Under such a background,exploring how buyout funds play a specific role in value enhancement in buyout transactions is of practical significance and helps promote the development of buyout funds.This article makes reference to the research results of domestic and foreign scholars,and uses the comparison method of argumentation and case analysis to study the role of buyout funds in the buyout process.It also studies the main exit methods of buyout funds,including five exit channels.This article first elaborated the related concepts,characteristics and basic operating modes of the buyout fund,and analyzed the development status of the buyout fund.Then,this article selects Jinsheng Fund to participate in the typical case of buyout,and specifically discusses how the buyout fund enhances the value of the company.It summarizes some experiences and issues that need attention in the development of the buyout fund.These issues,combined with China's capital market and policy environment,put forward several suggestions for promoting the development of buyout funds.This article believes that buyout funds face problems such as unsound information disclosure mechanism,narrow financing channels,limited withdrawal channels of buyout funds,and imperfect legal regulatory environment for buyout funds in the development process in China.These issues have seriously hampered the development of buyout funds.The relevant departments should do a good job in the establishment,financing,management,and withdrawal of buyout funds,improve laws and regulations,and introduce policies to guide them;buyout funds should also actively explore and improve themselves.Its own level,better enhance the value of mergers and acquisitions,and serve the real economy.