政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/129000
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 113318/144297 (79%)
造访人次 : 51082699      在线人数 : 909
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧：
  • 您可在西文检索词汇前后加上"双引号"，以获取较精准的检索结果
  • 若欲以作者姓名搜寻，建议至进阶搜寻限定作者字段，可获得较完整数据
    •  进阶搜寻


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/129000


    题名: 私募股權基金的平台式投資策略分析，以黑石集團整併印度車用零組件產業為例
    Buy-and-Build Strategy in Private Equity – A Study of Blackstone in India`s Auto Components Industry
    作者: 劉緯綸
    Liu, Wei-Lun
    贡献者: 傅浚映
    劉緯綸
    Liu, Wei-Lun
    关键词: 平台式投資策略
    私募基金
    產業整合
    日期: 2019
    上传时间: 2020-03-02 11:39:42 (UTC+8)
    摘要: 隨著私募基金公司陸續在全球各地採取了平台式投資策略(Buy-and-Build Strategy, B&B)，藉由深入當地市場進行產業的整併，而私募提供了資金管道、併購規劃、整併策略、財務及法務上諮詢等一次到位服務，並且以策略性投資人的身份與被投資公司一起成長。本文先引用學術文獻以提供一個價值創造分析架構給予未來想採取B&B 策略的任一利害關係人，並採用此價值創造的架構去分析國外的實務案例(Blackstone 採取B&B 策略進入印度車用零組件市場)，同時也提供適合採取B&B 策略的環境前提條件予以參考。本文後續會提出私募基金在台灣的產業實務上的案例予以參考，希望未來台灣會有更多國際私募進入台灣市場並協助企業進行產業的整併與突破性的發展。
    參考文獻: 林苑卿(2019)，佳世達策略轉型三支箭走出7 年虧損期，財訊592 期。取自https://www.wealth.com.tw/home/articles/22645
    陳民強、詹致瑋合(2017)，私募股權基金的架構及運作
    陳昱光(2017)，振樺電砸55.13 億元併購瑞傳。取自https://www.chinatimes.com/newspapers/20170715000156-260206?chdtv
    財訊快報(2018) 聯廣砸逾10 億元併購兩家公司，拓展行銷版圖。取自https://news.cnyes.com/news/id/4236836
    勤業眾信(2018)，2018 台灣私募基金白皮書:台灣私募基金市場回顧與展望
    AutoPartsAsia(2019). Automotive technology platform Sona Comstar launched in India. Retrieved from https://autopartsasia.in/automotive-technology-platform-sona-comstar-launched-in-india/
    BAIN & COMPANY(2019). Global Private Equity Report 2019
    Borell, M., & Heger, D. (2013). Sources of value creation through private equity-backed mergers and acquisitions: The case of buy-and-build strategies. ZEW-Centre for European Economic Research Discussion Paper, (13-094).
    Borell, M., & Heger, D. (2013). Sources of value creation through private equity-backed mergers and acquisitions: The case of buy-and-build strategies. ZEW-Centre for European Economic Research Discussion Paper, (13-094).
    Business Sweden(2015). Opportunities in Indian Automotive Components Industry
    Castellaneta, F., Hannus, S., & Wright, M. (2019). A Framework for Examining the Heterogeneous Opportunities of Value Creation in Private Equity Buyouts. Annals of Corporate Governance, 4(2), 87-146.
    55
    Deborshi Chaki(2019). PE firms set to drive consolidation in India`s auto components industry. Livemint. Retrieved from https://www.livemint.com/auto-news/pe-firms-set-to-drive-consolidation-in-india-s-auto-components-industry-1551810410799.html
    Gilligan, J., & Wright, M. (2014). Private equity demystified: An explanatory guide.
    Hammer, B. (2016). Do buy and build strategies increase illiquidity of private equity investments?. Available at SSRN.
    Lubberdink, J. (2017). The Post-Exit Operating Performance of Buy-and-Build Firms.
    Michael Brigl , Axel Jansen , Bernhard Schwetzler , Benjamin Hammer , and Heiko Hinrichs(2016). How Private Equity Firms Fuel Next-Level Value Creation. BCG. Retrieved from https://www.bcg.com/publications/2016/private-equity-power-of-buy-build.aspx
    Nabeel A Khan(2019). Blackstone completes Sona BLW stake buy. The Economic Times. Retrieved from https://economictimes.indiatimes.com/auto-components/blackstone-completes-sona-blw-stake-buy/articleshow/70904913.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&ut m_campaign=cppst
    POOJA SARKAR(2019). How Blackstone made India its largest market in Asia. Forbes India Magazine. Retrieved from http://www.forbesindia.com/article/boardroom/how-blackstone-made-india-its-largest-market-in-asia/53849/1
    Zarutskie, R. (2008). The role of human capital in venture capital. Available at SSRN 1726038.
    描述: 碩士
    國立政治大學
    企業管理研究所(MBA學位學程)
    106363071
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0106363071
    数据类型: thesis
    DOI: 10.6814/NCCU202000124
    显示于类别:[企業管理研究所（MBA學位學程）] 學位論文

    文件中的档案:

    档案 大小格式浏览次数
    307101.pdf1865KbAdobe PDF2162检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈