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单选小能手 · 2024年05月19日

哪里能看出协同效应?

NO.PZ2023123001000016

问题如下:

Ulrich Schwalke, a new analyst at a private equity firm,specializes in buying and restructuring private companies to be taken publicwithin five years. Schwalke’s firmrecently announced plans to buy one of the private companies that Schwalke hasvalued. Schwalke learns that his firm intends to combinethe new target company with an existing portfolio company prior totaking it public. Should Schwalke applya financial or synergistic control premium,and how does this level of control premium compare to the other?

选项:

A.

Financial;higher

B.

Financial;lower

C.

Synergistic;higher

解释:

C isCorrect. As Schwalke’s firm seeks to realize synergies from thebusiness combination of the target and existing portfoliocompany, it is likely to consider asynergistic premium which exceeds that of afinancial buyer.

哪里能看出协同效应?

1 个答案

王园圆_品职助教 · 2024年05月19日

同学你好,“ Schwalke learns that his firm intends to combine the new target company with an existing portfolio company prior to taking it public. ”这句话里粉色的部分,要把新收购的公司和现有公司结合在一起,也就是新收购的公司和现有的某个公司是有协同效应的,可以通过组合以后获得价值的进一步提升

请看以下基础班讲义截图,本题对应第6章第46页的知识点和第49页的讲义原题