ZS私募基金对A公司股权投资决策案例研究

发布时间：2018-01-03 07:03

本文关键词：ZS私募基金对A公司股权投资决策案例研究　出处：《华南理工大学》2014年硕士论文　论文类型：学位论文

【摘要】：私募股权投资顾名思义是通过非公开募集资金，投资于非上市公司股权，主要是作为财务投资者，对公司运营具备一定积极影响，然后获利退出的一种投资方式。其解决了中小企业融资困难的问题，推动了经济的发展，使得资源实现更为合理地配置。私募股权是一个高风险行业，具有流动性差，信息高度不对称，周期长，专业性强等特点；这样对公司的深入了解，准确评估就变得格外重要。国内虽有较多私募股权投资理论和实践研究，，但是针对私募股权机构如何进行投资，项目评估方式，投资决策，以及基于某一特定行业投资却缺乏深入研究。随着私募股权投资市场逐渐壮大发展，提高私募股权投资机构专业性，优化股权投资流程，规范中小企业运营，实现二者的共赢变得至关重要。本文以ZS私募基金对A公司股权投资的决策案例作为研究对象，从私募股权投资发展背景，股权投资流程，投资动因，投资价值分析，投资风险控制与最终投资决策进行深入剖析，探讨了投资过程中存在的问题和解决办法。私募股权投资是一种集理论性，方法性，实践性于一身的复杂系统。因此，本文通过ZS私募基金对A公司所处行业背景，商业模式，财务状况，退出方式进行全面系统地深入分析，阐述了在当前环境下私募股权基金选择项目逻辑，投资流程，公司尽职调查，财务分析，公司估值等方法。展现了私募股权投资动因和分析流程以及如何帮助公司进行产业整合实现股权增值，从而走向发展共赢。通过案例分析，对私募基金与中小企业都有极大借鉴意义。如投资流程规范，针对车联网行业投资标的选择，投资价值分析，风险识别与控制，退出策略等都对私募基金有较大帮助。其次对发展中的中小企业如何规范自身运营来吸引私募股权投资具备一定借鉴意义。文中也有指出研究不足之处，希望通过本文能够给予私募基金和中小企业一定的参考和借鉴。
[Abstract]:Private equity investment, as its name implies, is to invest in the equity of non-listed companies by raising funds in private, mainly as a financial investor, which has a certain positive impact on the operation of the company. It solves the problem of financing difficulties of SMEs, promotes the development of economy, and makes resource allocation more reasonable. Private equity is a high-risk industry. It has the characteristics of poor mobility, highly asymmetric information, long period, strong professionalism and so on. This in-depth understanding of the company, accurate evaluation becomes particularly important. Although there are more private equity investment theory and practice research, but for private equity institutions how to invest, project evaluation methods. With the development of the private equity investment market, the private equity investment institutions become more professional and optimize the equity investment process. It is very important to standardize the operation of small and medium-sized enterprises and realize the win-win between them. This paper takes the case of ZS private equity fund as the research object, from the private equity investment development background, equity investment process, investment motivation, investment value analysis. The investment risk control and the final investment decision are deeply analyzed, and the existing problems and solutions in the process of investment are discussed. Private equity investment is a kind of theory and method. Therefore, through the ZS private equity fund to A company's industry background, business model, financial situation, exit ways to conduct a comprehensive and systematic in-depth analysis. In the current environment, private equity fund selection logic, investment process, corporate due diligence, financial analysis. It shows the motivation and analysis process of private equity investment and how to help the company to achieve equity appreciation through industrial integration, and thus to achieve win-win development. Through the case study, it is of great significance for private equity funds and small and medium-sized enterprises, such as investment process specification, investment target selection, investment value analysis, risk identification and control. The exit strategy is of great help to the private equity fund. Secondly, it has some reference significance for the developing small and medium-sized enterprises how to regulate their own operation to attract private equity investment. I hope this paper can give private equity funds and small and medium-sized enterprises a certain reference and reference.
【学位授予单位】：华南理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275;F832.51

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