At first, Candace genuinely suspected that he was teasing Delphina. Pen, fun, pavilion www. biquge。 info

But in the end, she realized that there was still her own factor in this, and Candace, who was full of emotion, reached out and wrapped her arms around his neck, and then moved after pecking him twice on the lips. "Honey! you touched me so much, you spoiled me so much, it will make me cry......"

"Don't cry! you didn't bring a makeup bag, it's ugly if you wear makeup......"

Tightly clasped around his neck, eager to melt herself into his body, Candace snorted and sobbed. "Don't talk! I want to hold you quietly......"

With the fruits of her two months of hard work, Delphine pushed the door and walked into the cabin to see such a scene, and hurriedly raised her hand to block her eyes in panic and wanted to exit.

Startled by the sound of the door opening, Candace panicked and withdrew her arms and hung her head.

Although Fu Zhengyi, who was facing the direction of the hatch, was also a little embarrassed, he still raised his hand and beckoned, signaling Delfina to come in.

Delphine, who stood in the doorway, was apologetic. "I'm sorry, I forgot to knock on the door in a hurry, I'm really sorry......"

Seeing that Candace covered the pillow on her face with a red face, Fu Zhengyi smiled. "No need to apologize, you Candace really have to find a hole to drill into......"

I was full of apologies, but Delphine still walked over and handed the thick stack of materials to Fu Zhengyi, saying that this was the target she had chosen in the past two months.

Fu Zhengyi opened the information and took a look, and when he saw that it was all in French, he handed it back directly.

Delphine was stunned. "How?"

"It's no problem to understand these materials, but if I read them carefully, I won't be able to read them all in three or five hours, so you can just say it, try to keep it simple......"

Smiling with relief, Delfina took the information and began to introduce the situation.

A women's shoe brand, two women's jewelry brands, and a cosmetics brand are valued at about $500 million for a small company, while a larger and more expensive company is worth more than a billion.

"Fu, these brands have a long history, and the current managers are either old and frail, and there is no one in the family to inherit, or because the shareholding is dispersed and easy to hold. I talked to a few banks and made a second mortgage on the purchased equity and should be able to get a mortgage of no more than $100 million......"

After listening to Delphina, Fu Zhengyi couldn't help but feel a little strange. "If you want to control a company with a valuation of less than $500 million, then your funding gap should not be particularly large, so why do you need to find a partner?"

"My father asked me to use the $50 million to take control of a company valued at more than $1 billion, or to buy a company valued at $500 million......"

Candace, who was covering her face with a pillow, finally couldn't help but shout when she heard this. "It's impossible!"

"Yes, it's because it's absolutely impossible for me to do it on my own, so I have to find a partner who is willing to support me," Delfina said with a wry smile and sighed. "It's relatively easy to take control of a company valued at more than $1 billion, I just need to find a partner who is willing to provide $100 million and ask the bank for an additional mortgage through an agreement. But if I want to buy a company that is valued at more than $500 million, then I have to find a partner who is willing to provide $200 million......"

Although Candace didn't know much about how to operate a business M&A, she was still a little surprised to hear this. "Delphina, how can it be that you need $450 million to control a company valued at more than $1 billion, and you need to raise $600 million to acquire a company valued at $500 million?"

"I only need to become the largest shareholder of the company, and the acquisition needs to take into account the premium factor, and the appropriate liquidity must also be prepared, otherwise once the acquisition is completed, it is the moment when the company stops production. I can't help but take into account the suspicions that arose after the acquisition about the change of control of the company itself......"

Candace didn't understand what Delphine was saying, but her embarrassment was relieved, and she held her pillow in her arms and pretended to listen.

After listening to Delphina's introduction, Fu Zhengyi really understood how Delphina's predicament came about.

Her own funds are only 50 million, even if she can get twice the capital leverage through the bank's equity reach, but in fact her funding gap is still more than three times her own funds, and the partners she needs to find need to take more money to bear most of the risks of the company being controlled or acquired, but she can only get the equity of preferred shares, and she must trust Delfina's ability to fully hand over the operation and management of the entire business to her.

The risk has multiplied, the profit expectation has decreased, and the right to dividends can only be enjoyed, and in the case that Arno does not vouch for Delphina's actions, the possibility of her wanting to find a partner is almost zero!

Seeing that Fu Zhengyi's face was getting more and more ugly, Delphine also knew that her request was really a bit excessive, but she really didn't want to give up this opportunity now, so she said sincerely. "Fu, although it is very difficult, I am confident that this company will become bigger and stronger, the European luxury market is recovering, as long as you are willing to give me more time, I will be able to make your investment get a good return......

"A bank loan with triple leverage requires a large amount of money to be reserved, and your father has given you an unsolvable problem......

Taking a note out of her pocket and handing it to Fu Zhengyi, Delfina said with an embarrassed smile. "By the way, this is the whereabouts of the three beast heads that have been left out, and the price at which the owner purchased them and the current market appraisal price are ......"

Fu Zhengyi was stunned for a moment before saying. "Delphina, you don't think you'll be able to increase your chances of getting money in this way, do you?"

"No, no, no, this is just a thank you for listening to me! I asked an intermediary to inquire about the four beast heads owned by the Pinault family, but Henry insisted that the four beast heads were not for sale, otherwise I would have thought about buying them and selling them to you and earning a lot of commission!"

"Henry of the Pinault family, hehe, don't you say I forgot about this guy......"

Fu Zhengyi said and stood up and motioned for Delphine to wait, walked out of the bilge to the stern of the boat, and dialed Guo Jianmin's phone to ask him about the current movements of the Pinault family.

"BOSS, the department managed by Henry is conducting in-depth research on the luxury market, and it is said that he is ready to raise huge funds to acquire or control some luxury brands, and is ready to completely break through all the obstacles between the factory and the buyer, so that the Pinault family can become a company integrating the production and sales of luxury goods......"

The corners of Fu Zhengyi's lips couldn't help but rise, and he asked with a smile. "Can you find out what they're targeting?"

"It's very difficult! The department under Henry's direct management needs to submit 20 reports every month, and so far he has investigated more than 80 companies, and the only person who knows which one he is targeting is the person in charge of this department, and the employees below are only responsible for writing analysis reports, providing acquisition or holding proposals......

"Okay, keep an eye on this department over there, and let you know as soon as there's clear news......"

Sensing that Fu Zhengyi was about to hang up the phone, Guo Jianmin hurriedly said. "Boss, did you ask Gonzalez from Dream Media to contact a British writer named 'Rowling'?"

"How do you know?"

"That's right, the daughter of the publisher who published Rowling's book is my secretary, [Dream Media] got the wrong phone number and called my mobile phone, and I bought Harry Potter for my child, and after a few conversations, I guessed something. Rowling was paid only $3,000 for her first book, and the second batch being reprinted is estimated to bring her $20,000. She's currently working on the second part of the series, and the publisher has advanced $13,000 in creative funding, and if the company wants to make some deal with her, there should be a price to negotiate......"

Fu Zhengyi was stunned. "Three thousand dollars in income, and the second publisher only advanced her thirteen thousand dollars?"

"Yes, that number is accurate. However, the treaty on the publisher's side is very strict, if Rowling is ready to sell the copyright of the second part to someone else, she will need to pay more than 200,000 yuan in liquidated damages alone......"

After ending the call with Guo Jianmin, Fu Zhengyi dialed Gonzalez of [Dream Media] and asked about the progress of the buyout of Rowling's books.

"Boss, the publisher has gone too far, not only did they conceal the true number of prints, but they also signed a strict agreement with Rowling in the form of an advance payment, and the company is preparing to send a lawyer on copyright contracts to help Rowling negotiate with the publisher......"

"What is the attitude of the writer himself?"

Her first book was invested in more than 20 publishing houses, and in the end, only the current publishing house was willing to give creative funds to solve her life problems, so she knew that the publishing house had cheated her, but because she couldn't pay liquidated damages, she terminated the original agreement......

"If Rowling breaches the contract, how much compensation will she have to pay?"

"Twenty times, $260,000 in liquidated damages!"

"Don't waste any time, go and negotiate with Rowling now, and if she's willing to give the company the rights to the first and every subsequent series, then write her a blank check right away!"

Gonzalez was stunned. "Blank check?"

Fu Zhengyi smiled. "Why? Haven't you ever done anything like this?"

"Boss, the company's blank check can fill up to a million dollars ......"

"It's only a million dollars, well, I've changed my mind! I'll give her ten at once!" (To be continued.) )