{"id":46150,"date":"2016-09-18T06:01:03","date_gmt":"2016-09-18T06:01:03","guid":{"rendered":"http:\/\/xiongmaotimes.com\/2016\/09\/18\/%e4%bc%a6%e6%95%a6%e6%9c%80%e5%a4%a7%e7%a7%81%e5%8b%9fcvc%e5%9c%a8%e5%8d%8e%e6%8a%95%e8%b5%84%e9%81%87%e6%8c%ab-2\/"},"modified":"2016-09-18T06:01:03","modified_gmt":"2016-09-18T06:01:03","slug":"%e4%bc%a6%e6%95%a6%e6%9c%80%e5%a4%a7%e7%a7%81%e5%8b%9fcvc%e5%9c%a8%e5%8d%8e%e6%8a%95%e8%b5%84%e9%81%87%e6%8c%ab-2","status":"publish","type":"post","link":"https:\/\/xiongmaotimes.com\/?p=46150","title":{"rendered":"\u4f26\u6566\u6700\u5927\u79c1\u52dfCVC\u5728\u534e\u6295\u8d44\u9047\u632b"},"content":{"rendered":"

<\/span><\/div>\n

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\u4fcf\u6c5f\u5357\u57282015\u5e746\u6708\u88ab\u503a\u6743\u94f6\u884c\u6258\u7ba1\u540e\uff0cCVC\u5c06\u5176\u5bf9\u8fd9\u5bb6\u9910\u996e\u8fde\u9501\u516c\u53f8\u7684\u6295\u8d44\u51cf\u8bb0\u4e3a\u96f6\u3002<\/span><\/p>\n<\/div>\n

\u3010\u718a\u732b\u65f6\u62a5\u8baf\u30112014\u5e74\u590f\u5929\uff0c\u79c1\u52df\u80a1\u6743\u516c\u53f8CVC Capital Partners (\u7b80\u79f0CVC)\u5c31\u5176\u5bf9\u4e2d\u56fd\u9ad8\u7aef\u5ddd\u83dc\u8fde\u9501\u4fcf\u6c5f\u5357(South Beauty)\u7684\u6536\u8d2d\u5411\u540e\u8005\u9ad8\u7ba1\u65bd\u538b\uff0c\u8ba9\u4ed6\u4eec\u89e3\u91ca\u4e3a\u4ec0\u4e48\u5728\u6536\u8d2d\u4ec5\u6570\u6708\u540e\u4fcf\u6c5f\u5357\u4e1a\u52a1\u5c31\u51fa\u73b0\u5927\u5e45\u6076\u5316\u3002<\/span>

\u636eCVC\u5411\u65b0\u52a0\u5761\u4e00\u5bb6\u6cd5\u9662\u63d0\u4ea4\u7684\u8bc9\u8bbc\u6587\u4ef6\uff0c\u4fcf\u6c5f\u5357\u521b\u59cb\u4eba\u5f20\u5170\u53d1\u75af\u4f3c\u5730\u5411\u672c\u516c\u53f8\u9ad8\u5c42\u7ba1\u7406\u4eba\u58eb\u53d1\u9001\u4e86\u5927\u91cf\u5177\u6709\u7834\u574f\u6027\u7684\u4fe1\u606f\uff0c\u8981\u6c42\u5458\u5de5\u4e0d\u8981\u5bf9\u5916\u62ab\u9732\u8fd0\u8425\u6570\u636e\uff0c\u5e76\u5c01\u9501\u4e86\u4e0e\u8fd9\u5bb6\u79c1\u52df\u80a1\u6743\u516c\u53f8\u7684\u6240\u6709\u90ae\u4ef6\u5f80\u6765\u3002CVC\u6b64\u524d\u5411\u8fd9\u5bb6\u6cd5\u9662\u63d0\u8d77\u8bc9\u8bbc\u5e76\u4e14\u83b7\u80dc\uff0c\u8bc9\u8bbc\u7684\u76ee\u7684\u662f\u67e5\u660e\u5176\u5bf9\u4fcf\u6c5f\u5357\u7684\u6295\u8d44\u7528\u4e8e\u4f55\u5904\u3002\u5f20\u5170\u7684\u5f8b\u5e08\u8868\u793a\uff0c\u5f20\u5170\u5bf9CVC\u5173\u4e8e\u5979\u884c\u4e3a\u7684\u6307\u63a7\u63d0\u51fa\u53cd\u5bf9\uff0c\u79f0\u6587\u4ef6\u4e2d\u7684\u6307\u63a7\u672a\u83b7\u8bc1\u5b9e\u3002<\/span>

CVC\u5728\u4fcf\u6c5f\u5357\u7684\u6295\u8d44\u6570\u6708\u5185\u5c31\u906d\u9047\u4e25\u91cd\u635f\u5931\uff0c\u8be5\u516c\u53f8\u6307\u63a7\u5f20\u5170\u5728\u6536\u8d2d\u524d\u865a\u589e\u9500\u552e\u6570\u636e\uff0c\u5f20\u5170\u5bf9\u8be5\u6307\u63a7\u4e5f\u4e88\u4ee5\u53cd\u9a73\u3002\u4fcf\u6c5f\u5357\u57282015\u5e746\u6708\u88ab\u503a\u6743\u94f6\u884c\u6258\u7ba1\u540e\uff0cCVC\u5c06\u5176\u5bf9\u8fd9\u5bb6\u9910\u996e\u8fde\u9501\u516c\u53f8\u7684\u6295\u8d44\u51cf\u8bb0\u4e3a\u96f6\u3002<\/span>

\u5728\u5168\u7403\u6536\u8d2d\u516c\u53f8\u773c\u4e2d\uff0c\u7ecf\u6d4e\u7684\u5feb\u901f\u589e\u957f\u5df2\u4f7f\u4e2d\u56fd\u6210\u4e3a\u4e00\u4e2a\u5177\u6709\u5438\u5f15\u529b\u7684\u6295\u8d44\u76ee\u7684\u5730\u3002\u4f46\u79c1\u52df\u80a1\u6743\u6295\u8d44\u516c\u53f8\u9ad8\u7ba1\u8868\u793a\uff0c\u6536\u8d2d\u6807\u7684\u516c\u53f8\u5f80\u5f80\u9700\u8981\u9ad8\u4e8e\u6b63\u5e38\u6c34\u5e73\u7684\u5ba1\u67e5\uff0c\u56e0\u4e3a\u4ed6\u4eec\u5f80\u5f80\u662f\u5c11\u6570\u4eba\u6301\u80a1\u7684\u516c\u53f8\uff0c\u8d22\u52a1\u4fe1\u606f\u62ab\u9732\u6709\u9650\uff0c\u4e0d\u50cf\u4e0a\u5e02\u516c\u53f8\u90a3\u6837\u6709\u7740\u7ecf\u8fc7\u591a\u5e74\u5ba1\u8ba1\u7684\u8d26\u76ee\u3002\u8bb8\u591a\u6807\u7684\u516c\u53f8\u7531\u7b2c\u4e00\u4ee3\u521b\u4e1a\u8005\u7ecf\u8425\uff0c\u5728\u4e0e\u897f\u65b9\u6295\u8d44\u8005\u5408\u4f5c\u6216\u9075\u4ece\u4f1a\u8ba1\u51c6\u5219\u65b9\u9762\u7f3a\u4e4f\u7ecf\u9a8c\u3002<\/span>

\u5728\u7f8e\u56fd\uff0c\u7531\u4e8e\u4e00\u6279\u5728\u7f8e\u4e0a\u5e02\u4e2d\u8d44\u516c\u53f8\u56e0\u4f1a\u8ba1\u548c\u4fe1\u606f\u62ab\u9732\u95ee\u9898\u9047\u4e0a\u9ebb\u70e6\uff0c\u6295\u8d44\u8005\u8fd1\u5e74\u6765\u5df2\u7ecf\u635f\u5931\u6570\u5341\u4ebf\u7f8e\u5143\u3002<\/span>

<\/span>\u636e\u300a\u534e\u5c14\u8857\u65e5\u62a5\u300b(the Wall Street Journal)\u5bf9CVC\u6295\u8d44\u9879\u76ee\u7684\u8c03\u67e5\uff0cCVC\u5728\u4fcf\u6c5f\u5357\u7684\u6295\u8d44\u662f\u8fd9\u5bb6\u603b\u90e8\u4f4d\u4e8e\u4f26\u6566\u7684\u79c1\u52df\u516c\u53f8\u8fc7\u53bb10\u5e74\u5728\u4e2d\u56fd\u6570\u7b14\u4e0d\u826f\u6295\u8d44\u4e2d\u7684\u4e00\u7b14\u3002\u636e\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0cCVC\u5728\u4e2d\u56fd\u5185\u5730\u7684\u516b\u9879\u6295\u8d44\u4e2d\u6709\u4e94\u9879\u90fd\u51fa\u73b0\u4e8f\u635f\u3002\u4f46\u77e5\u60c5\u4eba\u58eb\u79f0\uff0c\u622a\u81f3\u4eca\u5e743\u6708\u4efd\uff0cCVC\u65d7\u4e0b\u89c4\u6a21\u4e3a41\u4ebf\u7f8e\u5143\u7684\u4e9a\u6d32\u57fa\u91d1\u603b\u4f53\u4ea7\u751f\u4e8620%\u7684\u5e74\u5316\u56de\u62a5\u7387\uff0c\u8be5\u57fa\u91d1\u7684\u56de\u62a5\u4e3b\u8981\u6765\u81ea\u5176\u4e1c\u5357\u4e9a\u548c\u9999\u6e2f\u6295\u8d44\u7684\u76c8\u5229\u3002<\/span>

\u5168\u7403\u79c1\u52df\u80a1\u6743\u516c\u53f8\u7684\u9ad8\u7ba1\u79f0\uff0c\u4ed6\u4eec\u5e38\u5e38\u5bf9\u4e2d\u56fd\u7684\u4f01\u4e1a\u5bb6\u8fdb\u884c\u80cc\u666f\u8c03\u67e5\uff0c\u5e76\u901a\u8fc7\u6cd5\u8bc1\u4f1a\u8ba1\u62a5\u544a\u9632\u8303\u6b3a\u8bc8\u3002\u6b27\u6d32\u5e76\u8d2d\u516c\u53f8EQT AB\u7684\u4e2d\u56fd\u8463\u4e8b\u603b\u7ecf\u7406\u83ab\u514b(Martin Mok)\u8868\u793a\uff0c\u8be5\u516c\u53f8\u8058\u8bf7\u8c03\u67e5\u516c\u53f8\u5bf9\u4e2d\u56fd\u7684\u6f5c\u5728\u4ea4\u6613\u8fdb\u884c\u8c03\u67e5\uff0c\u800c\u5728\u6b27\u6d32\u6216\u7f8e\u56fd\u5f88\u5c11\u8fdb\u884c\u6b64\u7c7b\u8c03\u67e5\u3002<\/span>

<\/p>\n

""<\/p>\n
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<\/div>\n<\/div>\n


\u636e\u6cd5\u9662\u6587\u4ef6\u4ee5\u53ca\u4e00\u4f4d\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0cCVC\u5728\u8fd9\u7b14\u4ea4\u6613\u524d\u8058\u8bf7\u4e86\u4e00\u5bb6\u4f1a\u8ba1\u516c\u53f8\u5bf9\u4fcf\u6c5f\u5357\u8fdb\u884c\u5c3d\u804c\u8c03\u67e5\uff0c\u4f46\u6ca1\u6709\u8058\u8bf7\u8c03\u67e5\u516c\u53f8\u3002<\/span>

\u51ef\u96f7\u6295\u8d44\u96c6\u56e2(Carlyle Group LP)\u548c\u6469\u6839\u58eb\u4e39\u5229(Morgan Stanley, MS)\u7684\u4e9a\u6d32\u79c1\u52df\u80a1\u6743\u90e8\u95e8\u7b49\u5176\u4ed6\u5927\u578b\u6295\u8d44\u8005\u4e5f\u66fe\u5728\u4e2d\u56fd\u906d\u9047\u6295\u8d44\u5931\u8d25\u3002\u51ef\u96f7\u6295\u8d44\u96c6\u56e2\u548c\u6469\u6839\u58eb\u4e39\u5229\u7684\u4ee3\u8868\u4e0d\u4e88\u7f6e\u8bc4\u3002<\/span>

\u636e\u6570\u636e\u4f9b\u5e94\u5546Preqin\u7684\u6570\u636e\uff0c\u4ee5\u8fc7\u53bb10\u5e74\u7b79\u96c6\u7684\u8d44\u672c\u8ba1\u7b97\uff0cCVC\u5df2\u6210\u4e3a\u4f26\u6566\u6700\u5927\u7684\u79c1\u52df\u80a1\u6743\u516c\u53f8\u3002\u4e00\u4f4d\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0c\u5230\u76ee\u524d\u4e3a\u6b62\uff0cCVC\u5bf9\u4ece\u4e8b\u8d5b\u8f66\u4e1a\u52a1\u7684\u4e00\u7ea7\u65b9\u7a0b\u5f0f\u96c6\u56e2(Formula One Group, FONE.YY)\u7684\u6536\u8d2d\u5df2\u83b7\u522944\u4ebf\u7f8e\u5143\u3002\u4e00\u65e6\u4e00\u7ea7\u65b9\u7a0b\u5f0f\u96c6\u56e2\u51fa\u552e\u7ed9\u9a6c\u9686(John Malone)\u65d7\u4e0bLiberty Media Corp. (LMCA)\u7684\u4ea4\u6613\u5b8c\u6210\uff0c\u9884\u8ba1CVC\u7684\u76c8\u5229\u6570\u5b57\u5c06\u4e0a\u5347\u3002<\/span>

\u636e\u300a\u534e\u5c14\u8857\u65e5\u62a5\u300b\u770b\u5230\u7684\u62a5\u544a\u590d\u5370\u4ef6\u663e\u793a\uff0c\u5f20\u5170\u5df2\u901a\u8fc7\u4e00\u4f4d\u540c\u4e8b\u5411\u9999\u6e2f\u8b66\u65b9\u63d0\u4ea4\u4e86\u4e00\u4efd\u6307\u8d23CVC\u6b3a\u8bc8\u7684\u62a5\u544a\u3002\u9999\u6e2f\u8b66\u65b9\u5bf9\u6b64\u4e0d\u4e88\u7f6e\u8bc4\u3002<\/span>

CVC\u7684\u53e6\u4e00\u7b14\u7cdf\u7cd5\u6295\u8d44\u662f\u5bf9\u4e2d\u56fd\u5236\u836f\u5546\u4e07\u5168\u96c6\u56e2(Venturepharma Group)\u7684\u6295\u8d44\u3002CVC\u4e8e2012\u5e744\u6708\u4ee51.09\u4ebf\u7f8e\u5143\u6536\u8d2d\u4e86\u540e\u800514%\u80a1\u4efd\u3002\u636e\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0c\u5728\u8fdb\u884c\u8fd9\u7b14\u6295\u8d44\u540e\uff0c\u7531\u4e8eCVC\u636e\u79f0\u5728\u8981\u6c42\u540e\u8005\u63d0\u4f9b\u8d22\u52a1\u4fe1\u606f\u65f6\u9047\u963b\uff0c\u8be5\u516c\u53f8\u8bf4\u670d\u4e00\u5bb6\u6cd5\u9662\u51bb\u7ed3\u4e86\u4e07\u5168\u96c6\u56e2\u7684\u94f6\u884c\u8d26\u6237\u3002\u4e00\u4f4d\u77e5\u60c5\u4eba\u58eb\u79f0\uff0c\u53cc\u65b9\u540e\u6765\u8fbe\u6210\u4e86\u548c\u89e3\u3002<\/span>

\u636e\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0cCVC\u6b64\u540e\u5df2\u5c06\u5176\u5bf9\u4e07\u5168\u96c6\u56e2\u7684\u6295\u8d44\u4ef7\u503c\u51cf\u8bb0\u4e3a\u6295\u8d44\u6210\u672c\u768440%\uff0c\u5e76\u6b63\u5728\u5c31\u64a4\u8d44\u8fdb\u884c\u8c08\u5224\u3002<\/span>

CVC\u8fd8\u4e0e\u6c34\u997a\u5feb\u9910\u8fde\u9501\u5e97\u5927\u5a18\u6c34\u997a(Da Niang Dumplings)\u53d1\u751f\u4e89\u7aef\u3002\u81eaCVC\u57282013\u5e7412\u6708\u4ee56,100\u4e07\u7f8e\u5143\u6536\u8d2d\u5927\u5a18\u6c34\u997a\u4ee5\u6765\uff0c\u540e\u8005\u5df2\u6362\u4e86\u4e09\u4efb\u9996\u5e2d\u6267\u884c\u957f\u3002\u5927\u5a18\u6c34\u997a\u521b\u59cb\u4eba\u5434\u56fd\u5f3a\u4eca\u5e74\u81f4\u4fe1\u516c\u53f8\u5458\u5de5\uff0c\u6307\u8d23CVC\u4e3a\u8282\u7701\u6210\u672c\u800c\u964d\u4f4e\u4e86\u6c34\u997a\u7684\u8d28\u91cf\uff0c\u8fd9\u635f\u5bb3\u4e86\u5927\u5a18\u6c34\u997a\u7684\u9500\u552e\u989d\u3002\u4e00\u4f4d\u77e5\u60c5\u4eba\u58eb\u8868\u793a\uff0cCVC\u5df2\u5c06\u5176\u5bf9\u5927\u5a18\u6c34\u997a\u7684\u6301\u80a1\u4ef7\u503c\u51cf\u8bb0\u4e3a\u6295\u8d44\u6210\u672c\u768450%\u5de6\u53f3\u3002<\/span>

\u5728\u6295\u8d44\u51fa\u73b0\u6076\u5316\u540e\uff0c\u4e00\u4e9b\u53c2\u4e0e\u4e0a\u8ff0\u4e09\u7b14\u4e2d\u56fd\u6295\u8d44\u4ea4\u6613\u7684\u9ad8\u7ba1\u79bb\u5f00\u4e86CVC\u3002\u7ee7\u5bf9\u4fcf\u6c5f\u5357\u7684\u6295\u8d44\u4e4b\u540e\uff0cCVC\u5c1a\u672a\u5728\u4e2d\u56fd\u5185\u5730\u5f00\u5c55\u65b0\u7684\u6295\u8d44\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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