问题如下:
A private equity fund desiring to realize an immediate and complete cash exit from a portfolio company is most likely to pursue a(n):
选项:
A. IPO.
B. trade sale.
C. recapitalization.
解释:
B is correct.
Private equity funds can realize an immediate cash exit in a trade sale. Using this strategy, the portfolio company is typically sold to a strategic buyer.
IPO退出价格是最高的,但是周期长,上市后还有锁定期;Recapitalization,它并不是一种真正意义上的退出方式,只是帮助投资者拿回一部分现金;trade sale是直接将股份出售给其他方,是最快最直接的退出方式。
请教再资本化这个形式,拿到一部分资金,那牺牲掉了什么?之前老师视频中说控制比例没有变化,是只是负债变大了吗?