"South Beauty" PE pain: Need to understand and trust

Shan the National Private Equity (PE) investment upsurge, the catering group Qiao Jiangnan Chairman Zhanglan, "The introduction of ding-hui investment is the biggest mistake of South Beauty", causing a large number of uproar, also point to the industry's "acupoints." How does the interdependence between private and private-equity firms win each other, as evidenced by sack? How to get along with each other?　　Recently, for small and medium entrepreneurs training for several years of successful action chairman success in the "First financial daily" interview, said, in the introduction of strategic equity investment, entrepreneurs should learn how to use the value of capital and leverage, to achieve industrial upgrading, development. South beauty of the PE acclimatized if said PE company strategic Investment Enterprise, all the way to go downwind, contradictions will not be so fiercely placed on the table.　　Ignite the contradictions fuse, is Qiao Jiangnan this year's efforts sprint a A-share market failed, a variety of not smooth, according to the reluctant to disclose the name of the shareholders, they received news, Qiao Jiangnan Management considered to Hong Kong listing. Obviously, this is a suboptimal choice. The shareholder said the difference in valuations on the mainland listing and listing in Hong Kong was not only much lower than the psychological expectations of top executives such as Zhanglan, but also a disappointment to the smaller shareholders who had been involved in financial investment before the IPO, "as the shareholders ' meeting said two years ago, it's all different now."　　In recent years, almost all the internal management has been clear, Qiao Jiangnan in the enterprise internal control, and professional managers of modern enterprise management system has a deep contradiction. Qiao Jiangnan senior executives, operating president An Yong to this reporter said, whether to transfer to Hong Kong listing, Qiao Jiangnan management will have their own plans, is not convenient to talk about.　　As for Zhanglan and Ding Hui create the contradiction, An Yong also remain silent.　　Public data show that 2008, from a number of PE competition in the winner of the Ding-hui injection Qiao Jiangnan equivalent to 200 million yuan of dollar capital, occupies 10.526% of the shares.　　Need to understand and trust the other side of the conflict, Ding-hui venture to reporters that all do not accept any and Qiao Jiangnan related interview. However, the professional investors in PE industry, Bank of Finance, a partner in the capital Management, said in an interview: "Investors and business entrepreneurs in many aspects of the views and decisions are different, investment cooperation will inevitably have contradictions." On the one hand, investors should grasp not too much interference in business management development, on the other hand, entrepreneurs are responsible for all shareholders.　　"Zheng thinks, in the current Qiao Jiangnan listed stranded situation, the two sides can not reconcile the contradictions, Qiao Jiangnan could fully through the consultation, to the Ding Hui is holding a suitable valuation and price, the shares bought back, rather than the current public shelling. Focus on pharmaceutical sales agent of Beijing Hao Fang da Pharmaceutical Co., Ltd. chairman Chen, recently has been looking for the right PE investors, he said to our correspondent, "we would prefer to accept long-term company development, and have the strength of a large amount of capital PE investment company to enter, can help companies to achieve the acquisition of pharmaceutical research and development strategy, broaden and upgrade the existing industry chain."For the current relationship between private enterprises and private equity institutions, Chen Jia that:" Private entrepreneurs in the introduction of capital strategy investors should be very clear, this is a business for both sides, need mutual understanding and trust. "Share to: