When it comes to private equity, the first impression of the general public is private equity, and even they will confuse private equity funds with public funds, but the private equity that Lei Hao thought of at this time is not this, but private equity investment.

To explain in vernacular, private equity investment is a way for someone to open a company, and then ask for investment in private, and find investors or investment institutions to raise funds. Because there are legal restrictions, it is not allowed to be widely advertised.

Lei Hao has a fancy for a company called "Danghe Pharmaceutical", but he still has a lot of information to inquire, such as has the other party found a good securities underwriter? Have you made a business plan? How is the assessment? Even the other party's organizational operations must be investigated.

"No more hospitalization." Finally after the infusion, Lei Hao used his mobile phone to check the Internet for Wan, and he also had a preliminary understanding of the information of Danghe Pharmaceutical, and felt his physical condition, he quickly said to Qiu Yuting: "Help me go through the procedures, I want to go to the sales department, there is some information that needs to be checked." ”

"NO, you have to be careful of infection these days." Qiu Yuting shook her head and said in surprise: "Besides, it's the weekend, and the project team's funds are all on Nanyang Mining, what other jobs can you have?" ”

"Minor injury, it's fine." After Lei Hao finished speaking, he found that his shirt had long been discarded, so he had to pick up the hospital gown and put it on, and dialed several members of the project team with his mobile phone to ask them to rush to the sales department.

"Keep it in the ward, anyway, you have to come over for an infusion in the next few days, I'll drive you over, and buy a piece of clothing along the way." Qiu Yuting said helplessly, she didn't understand Lei Hao's approach, but remembering the results of Thunder No. 1 during this time, she admired Lei Hao's workaholic style while compromising.

Buying a shirt casually halfway, Lei Hao rushed to the sales department in Qiu Yuting's car, and used the computer and account in the work area to look through the company's internal information, and finally saw the information of Danghe Pharmaceutical.

Because it is not listed, the information of Danghe Pharmaceutical is relatively simple, but coincidentally, Yingyi Securities also participates in the fight to become the underwriter of the other party.

"Pharmaceutical companies really cost money." After reading these materials, Lei Hao felt a little headache, he only knew a lot of things in it, but he could understand the consumption of the above funds, it was just a small pharmaceutical company with a valuation of more than 300 million, and the demand for cash flow was ridiculously high, and it was no wonder that the other party wanted to engage in private financing.

It's just that the profits of pharmaceutical companies are high, but the risks are also very large, if you invest correctly, the profits are naturally very high, and if you invest wrong, the other party's research has made no progress, then this fund is considered a loss to grandma's family.

During the period when Lei Hao was looking at the information, the members of the project team arrived one after another, and Zhou Junyun and Lan Shijie also stood aside and watched some of the texts.

After Lei Hao finished reading the information, Zhou Junyun, the encyclopedia, said: "The manager is interested in Danghe Pharmaceutical? This company is researching anti-hypertensive drugs, and to be honest, the industry is not very optimistic. ”

"Yes, the treatment of hypertension has always been a difficult problem, so far there is no complete cure, the treatment concept of Western medicine is lifelong medication, anti-hypertensive drugs, the market prospect is naturally very broad, but it is too difficult, research, patents, clinical practice...... All require a lot of money. Lan Shijie also shook his head and said.

"I know." Lei Hao took out a cigarette and dispersed it for Zhou Junyun, Lan Shijie and Zhao Lichen, and then he also bit the filter himself, and wanted to light it.

Seeing this, Qiu Yuting, who was standing next to her, hesitated, but still stretched out her hand to snatch Lei Hao's cigarette, and said with a straight face: "I can't smoke these days." ”

What's the situation? The people in the project team were all frightened, looked at Qiu Yuting in surprise, and then turned their heads to look at Lei Hao, showing a strange smile.

"Ahem, Manager Lei was injured a little and quit smoking and drinking for a while." Qiu Yuting couldn't hold back her expression a little, and pretended to be calm.

"The manager is injured? Where's the injury? What do doctors say? The people in the project team have raised concerned questions, and after this time, they still recognize Lei Hao very much.

"It's okay, scratch some skin." Lei Hao shook his head and said, but if everyone looked closely, they could find that the upper body under his shirt was wrapped in a large piece of gauze.

"Don't talk about these, I'm optimistic about Danghe Pharmaceutical, let's analyze the information, formulate an investment plan, and the clearance of Nanyang Mining, which must be carried out as much as possible." Lei Hao made a decision.

Zhou Junyun and the others suddenly fell into thought, they are now very clear about Lei Hao's style, and they can persuade before deciding, but if a decision is made, it will be ten cows that can't be pulled back.

"First of all, Nanyang Mining's shares are not to be sold, and it is not much different from cash, not to mention ...... We still have Qingyu Investment, a big man to slaughter. Zhou Junyun spoke first, causing laughter in the office area.

Poor Qingyu Investment short-sold Nanyang Mining, which has a price of more than 100 million, and now wants to buy bonds at a loss, but finds that there are not enough securities in the market to buy, so he can only repay the bonds at a loss with interest at a high price, but even so, the progress is very slow.

If Thunder No. 1 intends to clear its position, Qingyu Investment is definitely the first to come up and bargain.

"The exact share price of Danghe Pharmaceutical is about 310 million, and they want to take 10% of the shares to seek private placement financing of at least 40 million, which is not easy to do." Lan Shijie shook his head lightly and said.

With the reminder of future information, Lei Hao didn't care, and said: "They are confident, it's a good thing, and it's not that they can't bargain, even if it's 40 million, I have to take it, but private financing is more troublesome, and how to exit arbitrage is a problem." ”

"Or? Ask them if they accept bond financing? Zhao Lichen said: "In this way, the risk will be reduced, and the probability of them becoming insolvent is still relatively small." ”

The so-called bond financing, for Lei Hao, is to lend money to the other company to obtain higher interest, while equity financing is to exchange money for shares, the former has low risk and low return, and the latter has high risk and high return.

Of course, Lei Hao chose the method of private equity financing, and Thunder No. 1 is, in the final analysis, a speculative arbitrage project team, and it is better for him to leave the money for the secondary market with bonds.

"I want equity, and I don't accept the clause that they buy back at a fixed price, I can buy it back, but there can't be a price limit." Lei Hao crossed his palms, kept his two thumbs in circles, and said: "Actually, I have a way to let the investment banking department of the head office underwrite the private placement plan of Danghe Pharmaceutical, how about it?" ”

There is a method called underwriting in securities underwriting, for example, when Hehe Pharmaceutical is looking for private equity financing, Yingyi Securities is the securities underwriting agency, and then the investment banking department of Yingyi Securities directly buys all the underwritten shares with a certain amount of funds, and then turns around to find buyers, which is underwriting.

Lei Hao's method is to let the investment banking department first underwrite and buy the shares provided by Danghe Pharmaceutical, and then Thunder No. 1 will take over, so that there will be a lot of room for turnaround.

"Manager Lei, you've learned badly." Zhou Junyun said with a smile: "But this is also a normal means of business negotiation, legal and compliant." ”

"Mr. Zhou, don't be too happy, the group of people in the investment banking department of the head office ...... Hey, hey, a bunch of rice buckets. Lan Shijie said very politely.

As Lan Shijie finished speaking, Lei Hao felt that Qiu Yuting and Zhou Junyun were a little embarrassed, and immediately he knew the ability of the investment banking department of the head office, and it was likely that there was more than enough success and more failure.

"Granny Jiang, book a plane ticket, let's go to Shanghai, the investment banking department can't do it, so we'll feed them meat!" Lei Hao made up his mind, and a large group of wide-eyed people immediately appeared in the office area.

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