Research On The Model Of "PE+listed Companies" In Dakang

The “PE+Listed Company” M&A fund model is a unique and extremely Chinese M&A fund innovation model,which is also the mainstream form of China's M&A fund model.To our country listed company itself,as well as for maturing domestic capital market,“PE+Listed Company” M&A the use of fund mode and development is a process of constant exploration and perfected.Our country's first “PE+Listed Company” model M&A fund is the paradise Dakang merger fund established by the PE institute paradise silicon valley and the listed company Dakang Animal Husbandry co.LTD.From the reasons for the cooperation between Dakang and paradise silicon valley to the actual operation and the zigzag withdrawal of the M&A fund,the twists and turns are worth studying and thinking.This article is through to research the sport of Dakang animal husbandry“PE+Listed Companies” M&A fund mode,explore its existing problems,analysis the cause of problems,and make the actual operation optimization,the listed companies in our country and the PE organization joint the innovation mode of the establishment of a fund for mergers and acquisitions has important practical significance.In this paper,according to discover problems,analyze and solve problems of logic,theory combined with practice,first of all,the elaboration and analysis of“PE+Listed Companies” M&A fund model of relevant concepts and theoretical basis.Then to Dakang Animal Husbandry sport mode of “PE+Listed Companies” M&A fund as an example,to analysis that it has established the paper animal husbandry sport and paradise silicon valley combined the general situation of the establishment of a fund for mergers and acquisitions,emphatically discussed Dakang Animal Husbandry sport fund “PE+Listed Companies” M&A mode of specific implementation and operation,including fund-raising,mark project investment management,mergers and acquisitions fund exit,earnings and management fee arrangement.Then,through in depth analysis of the operation effect of “PE+Listed Company” in Dakang,the paper focuses on the problems and causes of the operation of Dakang in this mode.Finally,the animal husbandry sport “PE+Listed Companies”mode of operation optimization,including fund architecture,mark after project investment and investment management,exit mechanism and benefit and management fee arrangement,etc.,to strengthen the supervision of listed companies,institutions and external PE three levels of security,make with Chinese characteristics“PE+Listed Companies” M&A fund innovation model can be improved and the effective application,implement its running in good health.