The Effects Of Buyout Fund In Listed Company Growth

As one type of the private equity investment funds,M&A funds has developed into mature period in the oversea capital market.By contrast,it is a new thing in the China's developing capital market,which appears shortly,and there are many immaturity."Listed company + buyout fund" is a new fund operation mode with Chinese characteristics based on Chinese capital market.It is a choice made by domestic listed companies and private equity funds according to China's economic development trend and policy background.As soon as the first case was introduced,many listed companies have followed the model to help the listed companies to expand the extension faster and more easily.In this paper,the literature research method and case study method are adopted as the main research methods.First,the existing literatures are used to understand the roles of mergers and acquisitions in listed companies,and the theoretical research results of mergers and acquisitions funds in the process of mergers and acquisitions of listed companies.Second,based on the basic concepts and characteristics of M & A funds and the analysis of the development course of the fund both at home and abroad,the special model of “listed company + M & A fund” is introduced;on the further analysis of background,driving factors for development,operation models and some of the existing problems of “listed company + M & A fund”,the problems of how to use this model properly is raised;therefore,the following case that EYE applies the fund model of “Listed Company + M & A Fund” in the course of its industrial development is analyzed to state the purpose of this paper;in the end,the author,relying on the case of EYE,puts forward some ideas and suggestions on the listed companies' applying the M & A Fund for expansion.