| The ultimate goal of private equity investment is to obtain as much value-added income as possible,and withdrawal is the last link in the operation of such capital,is the realization stage of investment recovery and value-added income,is the most critical link.As a private equity investment institution,how to choose the most appropriate exit mode and design the best exit scheme is a problem that needs to be considered in the early stage of investment.Private equity investment is a cyclical investment process.Only when the withdrawal is successful,the fund operators and investors can recover the principal and continue the next round of investment.It should be especially reminded that the completion of M&A and exit of investment funds is not the same as the end of investment,there are a large number of post-investment management work,including the transfer of management,personnel changes,new systems and new ideas,the integration of old and new corporate culture.Mergers and acquisitions is a very complex process of equity transfer.In this process,the cooperation and operation of strong M&A teams and professional intermediaries play a vital role.This thesis takes the most popular exit modes of private equity investment as the main research object,the case of M&A of Private Equity investment Company J is elaborated,combines the macroeconomic environment and policy background,refers to the development experience and operation situatiorn of foreign countries,uses literature analysis,comparative analysis and other methods,compares the advantages and disadvantages of several main exit modes in detail.Applicability.Emphasis is laid on the analysis of the advantages and disadvantages of the exit mode of private equity investment M&A,the risk of M&A exit,the basic operation process of M&A exit,the status quo and development trend of M&A exit.Through the above detailed analysis and description,this paper puts forward some suggestions to promote the development of the withdrawal mechanism of private equity investment M&A,and puts forward corresponding safeguard mechanism or measures to ensure the effective implementation of relevant suggestions and countermeasures.This thesis intends to enrich the relevant theoretical research of private equity funds,and hope to play a slight role in promoting the development of private equity investment funds in China. |
