Chapter 831 Acquisition Method

Qihang Automobile's take-off QQ, many parts will be outsourced or purchased. Pen ~ fun ~ pavilion www.biquge.info

In Detroit, Qihang is optimistic about several parts manufacturers, which have some technologies in engines, EFI, gearboxes, transmissions, etc. Of course, compared with Bosch, Denso, Magna and other companies, these parts are still a little far behind, and then again, these groups are not able to set sail.

Although the technology of these companies is not advanced, it is enough to make Qihang Automobile improve in all aspects.

The most important thing is that these manufacturers are not unable to supply with Qihang, anyway, the current take-off QQ requirements are not high, for these companies, the technical conditions are not a big problem, and the only limitation is the cost.

For Yang Fan, after the acquisition, the left hand is replaced by the right hand, and the joint venture can be established in China is worth acquiring.

These have to deal with the U.S. government, and some companies can't be acquired with money, but have to be judged by the U.S. Department of Commerce and other departments. However, they are all companies with relatively backward technology and difficult survivability, and there are no companies with huge size and deep influence, plus Qihang has a great influence on the United States side, and the relationship with the US government is not too bad, which makes the negotiation not so difficult.

Why did she bring Eliza over, not to mention how much ability her current public relations company has, but with the east wind that set sail before, she has also developed a lot of relationships and can solve a lot of troubles.

Eliza looked at the plan and was a little surprised by the size of Yang Fan's handwriting, "If the company in the intention is to acquire it completely, it will definitely cost more than 2 billion US dollars." ”

To say that Qihang spent all the money himself, it is definitely not enough.

Of course, no one would be so stupid in corporate mergers and acquisitions, all out of their own pockets.

Otherwise, how can there be so many snakes swallowing elephants in this world, Geely's acquisition of Volvo, before and after paying more than one billion dollars to Ford, and nine billion dollars injected into Volvo, which is more than two billion US dollars, Geely contributed only more than four billion yuan, and the rest is basically obtained by the financial market.

Of course, it is precisely because of this that Geely can only cooperate with Volvo in research and development as a major shareholder, and in addition to cooperative research and development, Geely cannot use Volvo's things.

After all, other funds don't have much to do with Geely, and if you take away Volvo's things, it means that they are damaged, and no one will be so good.

However, Yang Fan's solution this time is different, "the expert group has actually been in Detroit for half a year, and these companies in the intention have also conducted in-depth analysis, these companies can basically merge into a group, everyone's business should be reorganized, merged or directly cut, and then cooperate in related aspects, and soon become a competitive parts group." ”

The expert group has analyzed, these enterprises, who have some good at technology, there are also laggards, everyone combined together, should be combined, should be cut, can also form a certain competitiveness of accessories.

When Eliza heard this, she said, "If you want to do this, is Qihang ready to take full control of these companies?" ”

Only when all the companies are fully controlled, Yang Fan can integrate these enterprises as he wants, otherwise, it is difficult to make a big adjustment when the interests are inconsistent.

Yang Fan nodded, confirming Eliza's thoughts, "Well, Qihang will form a package acquisition agreement for these companies, and then Qihang will come forward and unite some other acquirers to form a new company to completely acquire." ”

Eliza understands that Yang Fan's acquisition is like this, and all investors are a whole, and everyone has the same proportion in all accessories companies, so that there is no need to consider the different equity of each in different enterprises, and it involves more considerations based on their own interests.

In the same way, this method can allow everyone to focus on maximizing the overall benefit, and if there is a good plan to make the overall benefit greater, then the approval is consistent.

Eliza asked, "How are you going to set sail to achieve this?" ”

Eliza knows that if Yang Fan can smash all the billions of dollars obtained from Goldman Sachs and JPMorgan Chase, he can operate it alone through financial means.

But most of those bonds were obtained by Qihang mobile phone, even if Yang Fan wanted to move out a part, it was not realistic, and the creditors would not be willing, they were optimistic about Qihang mobile phone, not Qihang car.

The money was lent to Qihang Mobile Phone, and a few years later, Qihang Mobile was more powerful and promising, and their debt-to-equity swap was valuable.

Lending a car to Qihang, what is that?

In the area of automobiles, through the billion-dollar bonds issued by Goldman Sachs and JPMorgan Chase, Yang Fan could not move.

For Eliza, Yang Fan has nothing to hide, and directly said his thoughts, "The group headquarters will take out some funds, and I personally will take out a part, Qihang Automobile, and Besturn Electric Vehicle will take out a part to form a financial investment company." This financial investment company cooperated with Liu Qingfeng and James to set up a new investment company, and then absorbed some investors from Silicon Valley, and finally ordinary investors. At the end of the day, Qihang will probably represent more stakeholders, and even if the funds are not much, it will not be much of a problem to control the company. ”

This is often the case in acquisitions, and there is nothing to hide.

The acquirer is short of funds, needs to bring in more investors, and does not want to give up the greatest influence, so the choice is naturally to form a holding company layer by layer.

For example, the first layer, Qihang, Yang Fan, Qihang Automobile, and Pentium Electric Vehicle Combination, that is what Yang Fan said, and then cooperated with James and Liu Qingfeng to establish, of which Yang Fan can control about 70 percent, and it also belongs to Yang Fan's calculation, the new company enters the third layer, even if it only controls 70 percent, in fact, the rights and interests enjoyed by Qihang and Yang Fan are seventy percent of seventy percent, which is actually less than 50 percent, but in the third layer of the company, Yang Fan represents the cooperative company of Qihang, Liu Qingfeng and others, In many cases, 70 percent of the voice is still driven.

In this model, the less money you have, the more layers you need to build.

In the end, even if there is only 10% of the actual income, each layer of Qihang represents the majority shareholder of absolute control, so it still has a great right to speak.

If you don't do this, maybe a few people will join forces, and many things will not be solved because of the lack of right to speak. It can be divided into multiple layers, and a large number of small shareholders are not on the same layer, and many small shareholders cannot communicate at all, even if they want to connect in series, they can't connect in series.

Because Qihang can go to the next level at will, and directly solve them by virtue of the party that represents the absolute control.