Chapter 10: Financing

Now that there is a cooperation with the experience of the past, Chen Bo is also relieved, at least he, the face of the Oriental, is no stranger to the two.

"Nicholas has already communicated with me." After the greetings, Jacob, the head of Rothschild, said directly, "I have to be shocked by your plan, France Telecom is a landmine, and it is easy to hurt yourself." U.S. companies don't dare to step on it easily, but you can smell the opportunity. ”

"Due to the industry, there will be bottlenecks in the development of the Internet, and I have to think about it in advance."

"The vision is very vicious, do you know how orange telecom's 3G license in the UK came from?"

"Wasn't it issued by the British government?"

"That's right, but that's what we developed and sold at Rothschild Bank."

"Huh? Can the license still be developed and sold? Chen Bo was surprised.

"Why not? The British government also needs to make up for the deficit. Jacob smiled confidently and said that the magic of the capitalist world was really different.

"Then it looks like I've found the right person." Chen Bo has the posture of being a shopkeeper.

"You're only halfway right."

"What's the explanation?"

"I'm just the UK headquarters of Rothschild, and I need the support of Rothschild Bank, we are the same family, but we are not the same team. Guy Rothschild has a good relationship with French dignitaries, and he is the one who really makes a difference, and I can help you get a quick fundraise. It's up to my cousin to get through the joints! ”

"How much is the financing? How to charge, let's negotiate in advance, I also have a bottom in my heart. ”

"Our team evaluated Ant Search and found that the 10-year financing after pledging the brand, patents and equity could reach about 18 billion euros. You'll have to figure out the rest of the difference, and that's the limit of what we can do. As for the cost, I'll give you a preferential price, 3 points. ”

Based on the price of 18 billion euros in financing, three percent is 540 million euros. It is one point lower than the underwriting fee of the listing, which can be regarded as a friendly price, which is more reasonable.

"I'm okay with that." Chen Bo thought about it briefly in his heart and replied directly.

"But I don't have much interest in cash." Jacob said again.

"What does Jazz mean?"

"Debt-to-equity swap, this fee has the right to be recorded as the company's debt, but I have the right to exchange it for the corresponding shares before Ant Search goes public." Jacob is not a fuel-efficient lamp either, 500 million euros is like waste paper compared to stocks of the same value, and in terms of the high valuation and fast growth rate of the Internet, it is no problem to at least triple it, right?

Although it is not an original stock, it is also the last round of strategic investment stock before listing, and it is very cheap compared to the stock price after listing.

"Okay, I agree. However, only common stock was issued to Rothschild. ”

"Yes." Voting rights mean little to Rothschild, and even if they get them, they are confused about the Internet, a business model that is different from traditional companies. Times are changing, and even the financing, mergers, and restructuring that they are good at are a bit inadequate, let alone running a company in a new economy.

After the two sides signed the proposed authorization agreement, the talks were considered a successful conclusion.

First, out of trust in Nicholas, and secondly, out of trust in the Rothschild family, a generation of nobles has at least the commercial qualities. Moreover, the agreement also stipulates that if the required solution is not met, it will naturally not lose money.

Before leaving, I didn't forget to give Chen Bo a few bottles of Lafite, of course, it is not a very good vintage, and those good wines need strict storage conditions. The sake here is given as a gift to the guests, and it is medium at best.

As the so-called soldiers and horses have not moved, grain and grass go first.

If you want to talk about the acquisition first, you have to prepare the money first, and even if Orange is not a listed company now, it still needs a large amount of deposit. You also need a letter of guarantee from the bank to prove that you can afford to pay the money.

Since Rothschild Bank has taken over this business, the response is not unfast, and such a large merger and acquisition case is not so easy to encounter, so it naturally needs to be treated with all its might.

Most of today's investment banks are listed companies, using modern management methods, and their business covers a wide range of areas.

Rothschild still maintains the tradition of the family business, low-key and introverted, so a large family has to feed, can't sit back and eat?

If this business is done well, it will be a beautiful turnaround, and at the very least, it will allow the name of Rothschild Bank to reappear in front of more companies in demand.

The financing amount of 18 billion euros is really not so easy to deal with, and the proportion borne by each bank will not be too high, even Goldman Sachs Citi can only pay a billion at most to save face.

Deloitte, PricewaterhouseCoopers, KPMG, and Ernst & Young gathered in London to start working overtime to do financial audit work. In order to raise funds, it is necessary to disclose the accounts to these investors, and the banks can only evaluate the hard indicators such as net assets and net profit after they are calculated.

Chen Bo of the private equity fund does not consider it for the time being, those are purely usurious in nature, and the short-term turnover is okay, and in the long run, the major banks are still reliable.

Under the chairmanship of Rothschild, the Royal Scottish Corporation, Barclays, HSBC, Standard Chartered, Deutsche Bank, Santander, UBS and other European and American banks gathered, bringing together as many as 23 in total.

As for the domestic banks, they themselves do not have such large foreign exchange reserves to support them, so they simply do not invite them anymore.

But Mansour, the prince of Abu Dhabi who owes him a favor, is summoned to London by a phone call.

"I heard that His Majesty the Chief passed away a few years ago, and I would like to ask His Highness to mourn." At Heathrow Airport, Chen Bo received Mansour, who arrived by private jet, and the old sheikh passed away at the end of last year, and the crown prince has succeeded to the throne and taken over the presidency of the UAE.

Although the new chieftain, Zayed II, is his half-brother, there is still a layer of relationship after all, but the current crown prince is his own brother.

In this case, Mansour continued to rise from Minister of Culture and Sports to Director General of Abu Dhabi Tourism, and the Supreme Petroleum Council even served as Deputy Chairman of the Abu Dhabi Investment Authority, with the Executive Chairman being the President's own brother Ahmed.

"Allah will bless him, and it will be a relief for him." Mansour doesn't mind, birth, old age, sickness and death are human affections, and no one is immune to them.

"I haven't congratulated you on becoming a member of the Supreme Petroleum Council." Chen Bo said with a smile, this committee is very bullish, it is in charge of Abu Dhabi's largest financial resources, and there are only five people in the entire committee, and it is not easy for him to get a seat at a young age.

"Thanks to your advice, the family is very happy with the new positioning of Abu Dhabi, especially in terms of education. Before his death, the Chief had agreed to open Baniyas Island as a tourist resort, and I need you to help me with more advice. Mansour said warmly as he shook his hand.

"It's all a small thing, TripAdvisor is the world's largest travel community, and they still have some experience in planning travel projects." Chen Bo replied that with his direct intervention, TripAdvisor not only focused on the operation and management of online travel platforms, but also tried to conduct offline tourism development consulting based on the feedback data of tourists.

On the premise that there is no need for direct capital injection, it can be said that it is a two-pronged approach to seek more benefits.

"I'm afraid it's not a trivial matter for you to let me come to London this time, right?" Mansour bared his classic white teeth and looked at him sharply.

"It's not a small thing, but it's certainly a good thing, and you can choose to help or not."

"Then I'll listen to you."

"Don't worry, take a rest first, and I'll tell you slowly."

This is still at the airport, so what to do in a hurry? Chen Bo was afraid that he would get on the plane and run away without saying a word, so who else would he ask for money.

Drag him to the old hotel Savoy in the center of London and stay for the time being, where good wine and meat will be served before he can open his mouth.

The hotel is managed by the Fairmont Group of San Francisco, and the owner behind it is not an outsider, but also Alwalid, the prince seems to have a penchant for buying hotels everywhere.

Enjoy the delicious taste of the three-Michelin star restaurant, Romani Conti's red wine, and then have a comfortable SPA, anyway, all the services give Mansour the best treatment, two days later, Chen Bo didn't speak, he couldn't stand it.

"Chen, tell me what you want to do, you will make me feel ashamed of this." Mansour said with a little pain, this seriously challenged his dignity as a big family, it has always been his share of money, when did someone pay him for it?

"Well, since you strongly demand, then I'll tell you."

Chen Bo started from the beginning, blowing France Telecom crumbling or even at his fingertips, and once again emphasized the importance of mobile communication services to Ant Search. I also laid out a beautiful blueprint for the future business model.

In the end, the key point was elaborated, Lao Tzu has no money now, and you kid have to spit out some profits if you eat my benefits.

Although the Abu Dhabi Investment Authority has a small reputation, it has about $600 billion in assets under management around the world, and tens of billions of dollars in annual income from oil production alone, and their royal family is very low-key, and there are basically no scandals to be found.

Although it will also be extravagant, the names of their families can be found almost in the list of luxury private yachts and private jets.

The most likely loser, the worst reputation is the Saudi royal family, and the most eye-catching is Dubai, after all, his family has the highest appearance.

Chen Bo rummaged through the circle of friends, and this local tyrant had this qualification, and it was not his own capital.

As for the other tyrants, Alwaleed's money is all invested, and Abu only has money, and he doesn't have the courage to pay so much at once, and it's very risky.

"What do I get?"

Although Mansur heard it in a fog, he was not stupid and asked directly.

"You can get the world's attention, make a name for Abu Dhabi, increase the influence of the UAE, and make a lot of money in the future."

Mansour nodded thoughtfully, already having a plan in mind.

(End of chapter)