| The "listed company + PE" model of merger and acquisition funds refers to a special model of merger and acquisition funds jointly established by listed companies or related parties of listed companies and professional PE private equity institutions.The fund model can solve the difficulties of corporate financing and lack of professionalism,and help listed companies improve the success rate of cross-border mergers and acquisitions,realize the expected M&A benefits,and accelerate the pace of enterprise growth.my country is currently in a critical period of economic structural transformation,and the "listed company + PE" model of M&A funds is of great significance to economic transformation and the construction of multi-level capital markets.The effective application of the "listed company + PE" model of M&A funds is of great significance for the smooth and smooth transformation of my country's economic industry and the enhancement of corporate value.This article selects the "listed company + PE" model of Huayu M&A Fund as a case study object.The Huayu M&A fund is a typical case of using the "listed company + PE" model to complete cross-border mergers and acquisitions,which successfully helped China Tianying to win cross-border mergers and acquisitions in the field of environmental protection.The largest single order,the perfect realization of "snake swallow elephant" mergers and acquisitions,enhancing global competitiveness.The article combines the related M&A fund theory to explain the specific application of Huayu M&A fund "listed company + PE",and uses the event research method,financial index analysis method and gray correlation analysis method to apply the technical design points and applications of this model.Before and after,the market value effect,financial value effect and growth effect of listed companies were analyzed in detail.Specifically,the "listed company + PE" model of Huayu M&A Fund adopts a limited partnership system,which not only has clear rights and responsibilities but also avoids double taxation;the rational design of the fund-raising method matches well with the structured fund Leverage advantage;cleverly structured design and dismantling successfully responded to the impact of the new asset management regulations.In addition,the establishment of the "listed company + PE" model of the Huayu M&A fund has brought a significant wealth accumulation effect to investors of listed companies,which not only enhances the comprehensive financial capabilities of listed companies,but also greatly increases the growth of listed companies.It is concluded from this that the effective application of the "listed companies + PE" fund model can improve the efficiency of listed companies' cross-border mergers and acquisitions,and will bring positive value effects to listed companies in the short and medium and long term after operation.Of course,in the process of using the "listed company + PE" model,it is also necessary to pay attention to its possible risks.Other companies must strengthen identification and prevention when using it.Based on the previous analysis,this article draws relevant revelations.First,the M&A fund should reasonably use the leverage of this model,expand financing channels,pay attention to policy guidance in a timely manner,strictly disclose information,and reduce the risk of entrusted agents;second,the regulatory body should strengthen supervision Functions and follow-up supervision.Through the case study in this article,the successful application of the "listed company + PE" model of Huayu M&A fund is of great significance.This research can not only enrich the research perspective of the "listed company + PE" model of M&A funds,but also provide the feasibility for the same industry or related companies to use the "listed company + PE" model of M&A funds to implement cross-border mergers and acquisitions in the context of the new asset management regulations.For reference,it can better promote the healthy development of Chinese enterprises. |
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