作者 |
安氏财经评论之银行并购案例分析: 新桥投资深圳发展银行一案失败之分析 |
![缩小字体](images/ZoomOut.gif) |
所跟贴 |
收购搁浅 新桥深发展各执一词 (转贴) -- 看来是有第三者查足! -- 安普若 - (4562 Byte) 2003-12-01 周一, 22:52 (840 reads) |
hghg [博客] [个人文集]
游客
|
|
作者:游客 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
Another question people can ask is that whether Newbridge is the best possible partner. 1. Valuation As we all know, NB is a private equity firm, which means that NB's valuation is a pure financial play. The value NB see is operation improvement and market growth. NB won't be able to value any synergy benefits that mostly like will be from well-run banks. Put it this way, a bid from JP Chase mostly will be higher than that from NB.
2. Exit The nature of private equity determines that NB will treat SDB as a termed investment and a tool for profit. There is no long term dedictation or commitment towards SDB. Usually the term won't be over 7 years. So after 7 years, SDB will be sold again no matter whether it likes or not and of cuase, uncertainty will arise at that time again.
All in all, not denying the value will be brought by NB, but should SDB find a better partner than NB?
作者:游客 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
|
|
|
返回顶端 |
|
![](templates/cnphpbbice/images/spacer.gif) |
|
|
|
|
您不能在本论坛发表新主题, 不能回复主题, 不能编辑自己的文章, 不能删除自己的文章, 不能发表投票, 您 不可以 发表活动帖子在本论坛, 不能添加附件不能下载文件, |
|
|