Dołączył: 18 Lip 2010
Przeczytał: 0 tematów
|Wysłany: Nie 10:58, 09 Sty 2011 Temat postu: Ed Vick, chairman of investment Asia is very low r
present in Asia, particularly China private equity market is facing a series of \smooth exit the domestic market; with the public offering market, compared to most sectors into the valuation of private equity funds are more moderate; China has a large number of experienced fund managers; the same time, the overall balance of supply and demand of funds and is expected to remain an attractive in the future level. This favorable situation is expected to be sustained in 2011.
money supply growing
2010 年 PE background of enterprises (especially the Chinese companies) greatly improves the success of withdrawal of the international and domestic investors in Asian private equity investment interest.
recently, HiSoft, Dangdang, Ming Yang Electrical,[link widoczny dla zalogowanych], SouFun, Youku, learning network, and other large enterprises an attractive exit for investors return on investment. Since early 2010, there have been more than 20 Chinese companies issued in the U.S. market, American Depositary Receipts (ADR). ADR issue in 2010 a record number of Chinese companies. 2010 private equity investment tripled year on year.
momentum of development in Mainland China as exciting: As of the end of the third quarter of 2010, a total of 35 PE / VC background of enterprises to market. HW, print media, South Africa, Grammy, Oriental Daily withdrawal promotion for the high-profile corporate investors the same returns.
the global financial crisis, in the past two years, international investors for the Asian private equity funds available in the market has decreased. Now, they began to increase again in Asia, particularly China private equity fund allocation. Many have never set foot in the Asian private equity market, international investors have begun to seriously consider entering this market. Asia has once again become the main money chasing the market are: Asia's economic growth is expected to rise, especially in China and long-term sustainable growth; the U.S. and Europe to leverage, the more necessary that the Western investors diversify their portfolios; United States and large-scale quantitative easing policy of the Western world after the introduction of fiscal stimulus,[link widoczny dla zalogowanych], further increase liquidity.
in China, sources of private equity funds also experienced a significant change. In the global financial crisis, the supply of funds from international investors has been reduced. At the same time, the supply of funds from domestic investors, but a substantial increase, in one fell swoop over the funds from Western financial institutions supply. But in the past few years, the overall supply of funds slower growth. Ahead, both international and domestic money supply will continue to grow.
private equity investment in India's money supply by open market strongly influenced by the inflow of investment funds. This seems a bit contradictory, but the reason is simple: India is a unique in that its listed companies (including small companies) a large number. Therefore, the publicly traded private equity investment into competition with a financing option. At the same time, publicly listed companies usually target private equity investments.
elsewhere in Asia, private equity is still regarded as an emerging asset class, the number of fund managers in this area is very limited, in many Asian countries still do not form a climate.
bubble low risk
supply of new capital is a measure of private equity investment attractiveness of the size of the various sub-sectors is an important indicator. Historical experience shows that when a specific sub-sector funding to reach higher levels, the risk investors will end up disappointing pace. In the late 90s of last century the risk of large-scale investment and mergers and acquisitions boom in 2005, international investors have had such a painful experience.
But now, despite international and domestic investors on the enthusiasm of private equity investments in Asia rising, but in the foreseeable future, the Asian private equity market bubble of the risk remains low.
a matter of comfort phenomenon is that most industries in most countries, the entry of private equity investments valuations are still relatively low, especially compared with the open market valuation. But there are exceptions, particularly in pre-IPO private equity investments. One reason is that this phase provides rapid access to attractive investment return prospects, on the other hand, investment risk and volatility are higher.
another to help reduce the risk of the Asian private equity bubble is an important factor in many international and domestic investors are only beginning to consider or just beginning their private equity investments in Asia. These investors in Asia to complete its configuration, resulting in significant increase in funding is still needed several years.
In addition, Asia, and China's economic growth has eased the risk of the bubble to expand. This region is driven by strong growth in the private sector for the better long-term fundamentals, such as productivity growth, urbanization and emerging needs arising from the middle class growth.
the other hand, the Japanese economy has maintained for years of high debt, low growth in this regard, it is more like the United States and Europe, far from China and India. Accordingly, the acquisition is still the most attractive investment strategy in Japan.
private equity industry, including a number of different sub-industries that role in promoting economic growth for the different investment risks and rewards of very different situation large. For the Asian economies, especially China, the most meaningful form of private equity venture capital, growth capital investments and acquisitions investment. Currently, these investments are usually the consumer,[link widoczny dla zalogowanych], the Internet, new energy and infrastructure-focused investment industry.
venture and growth capital investments will help to promote the courage to explore new technologies, new business models of enterprise creation and rapid growth. Historically, venture capital has created a worldwide global leader in many of the later, or lead to related industries to re-shuffle of the enterprise. In Asia, the venture capital and growth capital to play the same role: to promote the future of Asia's star enterprise creation.
present, China's most successful high-tech enterprises have been able to really seize the opportunities of economic growth, focusing on technology applications for customer service implementation. Already successful examples including Baidu, Ctrip, Sina, Suntech Power, New Oriental Education, Focus Media, Shanda, Tencent, Mindray, Alibaba.
contrast, the acquisition of investments (mostly focused on more mature companies a majority stake) help to promote business growth and further specialization, and integration of existing business.
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
Post został pochwalony 0 razy