The Operation of Leverated Buy-Out(LBO) of Private Equity in Taiwan - Cosmos Bank (Taiwan) as A Case

碩士 === 淡江大學 === 國際商學碩士在職專班 === 96 === According to the statistics of Thomson Financial, the 322 America PE (Private Equity) had been collected over twenty one point five billion US dollars capitals in 2006, also that had been increased about 33% and made a new record while that compared to last year...

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Bibliographic Details
Main Authors: Fang-Ju Lin, 林芳如
Other Authors: 林江峰
Format: Others
Language:zh-TW
Published: 2008
Online Access:http://ndltd.ncl.edu.tw/handle/09327856949981757029
Description
Summary:碩士 === 淡江大學 === 國際商學碩士在職專班 === 96 === According to the statistics of Thomson Financial, the 322 America PE (Private Equity) had been collected over twenty one point five billion US dollars capitals in 2006, also that had been increased about 33% and made a new record while that compared to last year. When we focus on Taiwan market, the PE bring capitals to this market joining some Merger & Acquisition (M&A) cases continually. These activities of PE have been attracted some relational parties’ attention. By astonishing funds, unbelievable political-business relationships and excellent professional from these PE, they have lead a trend in global investment markets, also they have been changed the corporation financing sorts thoroughly. This paper will introduce what the PE is and what the common use of financial lever operation means the PE use : Leverage Buyout (LBO). By one latest case study, Cosmos Bank (Taiwan), to realize the PE’s business mode and the risks they may face. Finally, this paper could let people in Taiwan have understanding the private equity funds further, and expecting of any help for participant and researchers of PE in the future.