1. Some target land assets can be packaged and acquired through debt restructuring, debt restructuring, bankruptcy restructuring, management upgrading, etc., and then other assets can be integrated to upgrade the industry again, and then profits can be realized through mergers and acquisitions. For example, General Motors has filed for bankruptcy protection, and M&A Fund has been listed again in various ways. M&A fund may not necessarily not participate in IPO, but it can be combined with privatization and IPO.
2. Hony model. For example, the acquisition of a glass enterprise in Jiangsu, the integration of six or seven other glass enterprises, and then packaging for china glass overseas listing, the overall revenue increased by about 7- 10 times, because of holding reasons, Hony Capital invested a lot of money and earned a lot of money.
3. Sany Heavy Industry joined hands with CITIC Industrial Fund to acquire the entire equity of Putzmeister, a German concrete pump manufacturer. In fact, it is a leveraged buyout. In this process, M&A funds are supported to participate and assist, and may also be provided to bridge financing under Sany Heavy Industry, and then some M&A loans are arranged for acquisition. After the acquisition, it holds a certain equity, but the total assets owned by this equity are relatively large. Because of the high-debt acquisition, it can be absorbed and merged into the name of Sany Heavy Industry listed company through the integration of debt issuance and bridge management in the future. CITIC Industrial Fund has achieved a complete process of re-entry, which is the mode of CITIC Industrial Fund.
4. Like CCB International's M&A backdoor, before the backdoor, the assets are put into the asset side, and then injected into the listed company, because the assets borrowed from the backdoor are often relatively large, and hundreds of millions of dollars are invested to earn relative income and make money by the price difference in the secondary stock market. If the shares are relatively large, they can help listed companies to integrate in the future and continue to load assets to realize income. This method can also be classified as the investment method of M&A fund, but it is between PE-IPO fund and M&A fund.
5.M&A funds can buy some assets. Through self-integration, it may not be listed in IPO, but may be transferred to listed companies in the future, or it may become a minority shareholder of listed companies by issuing shares to buy assets, that is, employee shareholders, which is equivalent to transferring assets for shares after stock exchange, but it does not necessarily constitute a reverse merger to become a major shareholder of listed companies. In the future, this method will be very common and will be numerous in M&A funds.
6.M&A sniper mode, such as Carl Celian Icahn, known as the Wall Street sniper. His classic cases in those years, such as AOL and time warner Inc., he bought shares of listed companies through continuous secondary market acquisition, holding more than 3%, so he may try to become a director of listed companies. In this case, he constantly lobbied for separation or company reorganization to further raise the stock price, thus continuously releasing the company's value or improving management. In the future,
2. Can M&A loans be used to increase capital?
It cannot be used as a capital increase of the company.
The so-called M&A loan refers to the principal loan issued by the merchant holding subsidiary to pay the consideration of M&A equity. In the process of restructuring domestic dominant customers, the financing generated by paid mergers and acquisitions, completed projects and asset-debt restructuring is a special form of project loans, but if loans are used, debt can be repaid with equity dividends.
3. Can M&A loans be used to increase capital?
The so-called M&A loan, which cannot be used as a company's capital increase, refers to the principal loan issued by commercial banks to M&A enterprises or the holding subsidiaries of M&A companies to pay the consideration of M&A shares. It is a loan issued to meet the financing needs of domestic superior customers in the process of restructuring and restructuring, such as paid merger and acquisition of other domestic enterprises and institutions, completed projects, asset-debt restructuring, etc. M&A loan is a special form of project loan. Ordinary loans are the best in the order of repayment, but if loans are used for equity acquisition, debts can usually only be repaid through equity dividends.
4. Can M&A financing interest be capitalized?
Private financing is to let it go and weigh it yourself.