讲座PPT(谢岷)课件.ppt

中国私募股权投资：运营与规管实务Private Equity Business in the PRC: Regulatory and Operational Practices 谢 岷 对外经济贸易大学兼职教授 美国艾威资本集团亚洲基金董事总经理 xie.robert@ 2008.9 - 2008.12 投资基金类型 A more sophisticated asset class, with competition Private equity investors: various focus Private Origination Buyouts Growth Mezz Public Origination PIPEs Corporate Governance Event Driven 投资基金结构 PE基金选项准则 投资基金操作程序 在中国投资的复杂性 Complicated government approval process 若干技术性考量因素 Deal origination network Investment Structure Valuation Design investment instruments Exit Corporate governance Management participation 风险评估与管理 Risk and measures Risk and measures Risk management 项目介绍报告的简略范本 A leading low-voltage electrical products manufacturer Business opportunity Privately owned with 28% share in China The largest low-voltage electrical products manufacturer in China in terms of revenue and one of the five largest low-voltage electrical products manufacturers in the world Two lines of business. 90% of the Company’s revenue is generated by low-voltage electrical appliances, apparatus power transmission and transformation products. remaining 10% is from medium/high voltage products with higher profit margin, including switchgears, box-type substations, automation equipments, power transformers, switch components, wires and cables Desires to bring in one or more investment partners to broaden its shareholding structure and to raise funds for its additional manufacturing facilities to further enhance the profit margin of the company Origination Through an introduction of investment consulting firm based in Beijing. The Company is keen to have further discussion on the private equity investment arrangement. A leading insurance company Business opportunity The Company is one of the leading property, casualty general insurance companies in China. It also owns a life insurance license through a subsidiary The Company currently has approximately 5% market share in the China property and casualty insurance market T