bookmarkrole Chapter 259
Chapter 259
Chapter 259 Heavenly King (please customize)
“who are they?
Feng Chunlan asked.
She was also curious about the powerful people Wu Chen said.
“KKB set.”
“Wall Street veteran leveraged buyout king.”
“One of the most successful industrial investment institutions in the history of finance, and one of the oldest and most experienced private equity investment institutions in the world.”
Wu Chen has the answer.
He didn’t hide it any longer, and he was about to deal with the people from KKB episodes anyway.
“It’s them?”
Feng Chunlan’s expression changed, obviously taken aback.
She actually knew this famous set.
In the 1970s, KKB was founded in New York, M country, and the company name is the initials of the founder.
KKB set is an equity investment set whose main business is acquisition and restructuring of enterprises, and is especially good at management buyouts.
Investors in the KKB set mainly include corporate and public pension funds, financial institutions, insurance companies and university funds.
Over the past few decades, KKR has completed 146 private equity investments, totaling more than $63 billion.
The famous work of KKB set coupling is to use leverage to hostile takeover of Reynolds, Nabisco, which was ranked 19th in the world’s top 500 at the time. Solomon Brothers.
Reynolds, Nabes’s 440 owns the world-renowned Camel cigarettes, Oreos, Lotz biscuits and other products. This acquisition became the largest acquisition in history at that time.
KKB set a hostile takeover bid for Reynolds, Nabisco, with a total asking price of $25 billion.
Among them, the syndicated bank loan was $14.5 billion, and DeChong and Merrill Lynch provided $5 billion in bridge loans.
The KKB set itself provides a gap of $2 billion, of which $1.5 billion is used as equity.
In addition, it provided US$4.1 billion as preferred shares, US$1.8 billion as convertible bonds, and received US$4.8 billion in foreign debt owed by Nabes.
Throughout the acquisition, KKB set paid a minimal price.
Because KKR has issued a large number of junk bonds for financing, and promised to repay the debt by selling the assets of the acquired company in the future.
Therefore, although the scale of the acquisition funds has reached 25 billion US dollars, the cash used by KKB is less than 2 billion US dollars.
This hostile leveraged buyout, known as the Great Takeover of the Century, greatly damaged the vitality of Reynolds and Nabisco, which were once prosperous, and it is still difficult to recover.
“If the KKB episode sucks.”
“It’s really big. 99
“It can also be a headache. 39
At this time, Feng Chunlan’s pretty face was no longer as relaxed as she had just been around.
“How?”
“Are you scared?”
Wu Chen asked lightly.
“Mr Wu!
“I’m not afraid.
“Their purpose is the Ray’s set?”
Feng Chunlan is not a woman who is easily frightened.
“Their ultimate goal is Lei Yang Lighting.”
“Some time ago, Lei’s Collection announced that Yun would sell 70% of Lei Yang Lighting’s shares.
“The acquirer is them.”
Wu Chen introduced the purpose and intent of KKR.
This evil wolf came here to eat meat.
Of course, if it can acquire Lei’s set, KKB will not let it go.
This way, it is easier for them to control the Lei Yang lighting.
Feng Chunlan also knew about the sale of Lei Yang Lighting’s shares. At that time, Lei Shiqiang announced that it would be sold at a price of 5.2 billion, nearly 800 million US dollars. She once objected to the reason that the inquiry price was too low.
Now that I think about it, Lei Shiqiang disregarded objections and forced sales, which is tricky.
KKB set a good plan to buy 70% of Lei Yang Lighting at such a low price, operate it for a period of time, and then sell it at a high price.
For a long time, KKB set acquired various sets and companies, and kept buying and selling cuteness, which was to make huge profits in this way.
“Mr. Wu!”
“What are your plans?”
“Are we selling to them?
Feng Chunlan asked.
“Lei Yang Lighting is estimated to be worth at least 25 billion.”
“5.2 billion wants to acquire.
“What are you thinking!
Of course Wu Chen would not agree.
He also wanted to acquire it for 5.2 billion before, but that was himself.
Now that I have obtained the Lei’s set, I naturally don’t want to sell it.
“but!
“The KKB episode is here.
“It won’t stop!
Feng Chunlan knows the urine of KKB episodes.
“So!”
“We only have one way.”
Wu Chen looked at Feng Chunlan and smiled.
Everyone!
fight!
Goose City! (cgdj)
Kempinski Hotel!
De Stone, the head of the KKB acquisition project, was sitting in his room.
Durstone is in his thirties, tall with a high nose and blue eyes, wearing a white suit and gold-rimmed glasses.
His room is a large suite, and at the moment he is enjoying western food slowly.
He has been in Goose City for a while, but he is still not used to the food here.
He is fond of steak, and at this moment he ordered an Australian Black Angus and Beef Eye Steak for himself and is enjoying it slowly.
The knife and fork in his hand held a piece of pink beef and slowly put it into his mouth.
The outer layer of roasted beef is dark and crispy, and the entrance is not only juicy, but also full of delicious chew.
Especially the fat part is delicious.
This fatty but not greasy beef has a marshmallow-like filling in the mouth.
Durstone took a bite and felt satisfied with the oil coming out of his mouth.
Putting down his knife and fork, Durstone wiped his mouth.
“so?”
“You lost like this, hooked like this?”
“Your Lei clan set was robbed of fifty-three percent of the equity?”
he asked calmly.
Although his words were in Mandarin, they were full of exotic accents and sounded a little weird.
But there is no problem in understanding, and it is relatively smooth.
He didn’t speak to the air, and of course he wasn’t the only one in the room.
Lei Shiqiang came to the hotel and reported his own affairs to him.
Although Lei Shiqiang was much older than Destone, he was standing respectfully in front of Destone.
“Mr. Durstone! I don’t think I’ve lost yet, I still have forty-seven percent. 11
“As long as we can get back another five percent, no, four percent stake, we can get back fifty-one percent of our equity number. 39
“At that time, I will be able to return to the position of chairman and president. KKB will acquire 70% of Lei Yang Lighting, and I will be able to sell it to you for 5.2 billion.
Lei Shiqiang tried to persuade Destone to help, so that the other party could get enough benefits.
“Four percent equity?”
“Mr. Lei! If I remember correctly, you would have owned thirty-seven percent. 1
“You took the initiative to give up five percent of your equity, didn’t you?
Durstone continued to eat his steak slowly.
This idiot, the five percent, ruined himself.
“Mr. Durstone!
“I was fooled.
“I didn’t expect that woman to have such ambition.
Lei Shiqiang said this with a kind of indignity on his face.
“But that’s what you’re up to.
“You sell five percent of your equity, and I persuaded you not to do it.
“But, you didn’t listen to me, you ignored my words. 59
Durstone’s tone gradually increased.
Lei Shiqiang’s back began to sweat coldly.
He could sense Durstone’s strong dissatisfaction.
Durth “Mr. Ton!”
“Please listen to me explain.
“It’s not that I didn’t listen, I was deceived by the woman’s rhetoric, I didn’t know she was like that.
Lei Shiqiang quickly explained.
Durstone put down his knife and fork now and looked up.
“Mr Ray!”
“I am very disappointed with your present performance.”
“I think the only thing you can do now, and the only right thing, is to collect the remaining Lei’s equity in your hand.
“Sell it to us!
PS: Ask for monthly pass, ask for collection, ask for flowers, ask for evaluation, ask for reward, ask for sharing, ask for customization~