本文關(guān)鍵詞：ZS私募基金對A公司股權(quán)投資決策案例研究　出處：《華南理工大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 私募基金 股權(quán)投資 風(fēng)險(xiǎn)控制

【摘要】：私募股權(quán)投資顧名思義是通過非公開募集資金，投資于非上市公司股權(quán)，主要是作為財(cái)務(wù)投資者，對公司運(yùn)營具備一定積極影響，然后獲利退出的一種投資方式。其解決了中小企業(yè)融資困難的問題，推動(dòng)了經(jīng)濟(jì)的發(fā)展，使得資源實(shí)現(xiàn)更為合理地配置。私募股權(quán)是一個(gè)高風(fēng)險(xiǎn)行業(yè)，具有流動(dòng)性差，信息高度不對稱，周期長，專業(yè)性強(qiáng)等特點(diǎn)；這樣對公司的深入了解，準(zhǔn)確評估就變得格外重要。國內(nèi)雖有較多私募股權(quán)投資理論和實(shí)踐研究，，但是針對私募股權(quán)機(jī)構(gòu)如何進(jìn)行投資，項(xiàng)目評估方式，投資決策，以及基于某一特定行業(yè)投資卻缺乏深入研究。隨著私募股權(quán)投資市場逐漸壯大發(fā)展，提高私募股權(quán)投資機(jī)構(gòu)專業(yè)性，優(yōu)化股權(quán)投資流程，規(guī)范中小企業(yè)運(yùn)營，實(shí)現(xiàn)二者的共贏變得至關(guān)重要。 本文以ZS私募基金對A公司股權(quán)投資的決策案例作為研究對象，從私募股權(quán)投資發(fā)展背景，股權(quán)投資流程，投資動(dòng)因，投資價(jià)值分析，投資風(fēng)險(xiǎn)控制與最終投資決策進(jìn)行深入剖析，探討了投資過程中存在的問題和解決辦法。私募股權(quán)投資是一種集理論性，方法性，實(shí)踐性于一身的復(fù)雜系統(tǒng)。因此，本文通過ZS私募基金對A公司所處行業(yè)背景，商業(yè)模式，財(cái)務(wù)狀況，退出方式進(jìn)行全面系統(tǒng)地深入分析，闡述了在當(dāng)前環(huán)境下私募股權(quán)基金選擇項(xiàng)目邏輯，投資流程，公司盡職調(diào)查，財(cái)務(wù)分析，公司估值等方法。展現(xiàn)了私募股權(quán)投資動(dòng)因和分析流程以及如何幫助公司進(jìn)行產(chǎn)業(yè)整合實(shí)現(xiàn)股權(quán)增值，從而走向發(fā)展共贏。 通過案例分析，對私募基金與中小企業(yè)都有極大借鑒意義。如投資流程規(guī)范，針對車聯(lián)網(wǎng)行業(yè)投資標(biāo)的選擇，投資價(jià)值分析，風(fēng)險(xiǎn)識別與控制，退出策略等都對私募基金有較大幫助。其次對發(fā)展中的中小企業(yè)如何規(guī)范自身運(yùn)營來吸引私募股權(quán)投資具備一定借鑒意義。文中也有指出研究不足之處，希望通過本文能夠給予私募基金和中小企業(yè)一定的參考和借鑒。
[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.
【學(xué)位授予單位】：華南理工大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F275;F832.51

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