Recast youth

Chapter 1466 The Lion's Big Opening

"What do you think?"

Ye Feng asked, mainly because Ye Feng rarely went abroad and did not know much about foreign models and the Blackstone group, so Ye Feng could only ask Wen Yueqi.

"Not good."

Wen Yueqi said on the phone: "Blackstone is a company that prefers real estate investment and is also very famous on Wall Street. It is second only to old investment banks such as Goldman Sachs and Morgan. It has great credibility among investors. If it raises investment funds, , it is estimated that we can raise a considerable amount of funds in a short period of time, and we may not be able to compete with him, unless Yang Qingzhi also steps forward to establish an investment private equity fund in the name of the company."

"Being not."

Ye Feng shook his head.

Wen Yueqi advised: "In fact, it is not a bad thing to set up another investment private equity fund. We can help manage assets and invest. Once we have money, we can be more calm in the investment field."

"Then we will have less money to share profits." Ye Feng said.

Wen Yueqi said: "You can't think like this. Any investment has a loss. Yes, we seized the opportunity during the subprime mortgage crisis in the U.S. housing loan market and achieved a high rate of return. But how many times can it happen? Such an opportunity? Can you guarantee that you will make money next time? What we have to do is to invest in industries with potential, and then take the average of losses and profits, and finally show a stable rising curve. This is the foundation, and what do you want to do? When it comes to large-scale investments, it’s not enough to go it alone. Moreover, investors come in to help us share the profits we make, and at the same time, they can also help us share the losses. Profit and loss are always relative. What? Even investment banks such as Blackstone, Goldman Sachs, and Morgan are institutions that help investors manage assets. No one can invest everywhere with their own funds."

Ye Feng knew what Wen Yueqi said.

Ye Feng also knows that his insistence on a small number of partners is actually a very unwise behavior. For example, for this acquisition of the Hilton Hotel, Maple Leaf Fund itself, plus leveraged credit, has the greatest ability to raise about US$240 billion. Blackstone can If the price was better, Ye Feng could only stare blankly. Even if Hilton Hotel made money in the future, it would have nothing to do with him.

On the contrary, if Ye Feng and Yang Qingzhi discuss and set up a fund to raise funds for management and then acquire Hilton Hotels, then Maple Leaf Fund will have a much easier time raising funds.

But it didn't work.

Ye Feng felt a little awkward. He thought that all Maple Leaf Fund Management invested was his own money, and Ye Feng also knew that he would have a lot of money for Maple Leaf Fund to invest in the future.

The problem is that the time is wrong now. I have just started, so I don’t have that much money. If the timeline develops to 2010, or to 2016, whether it is a purchase price of US$240 billion, or The purchase price is US$260 billion. Ye Feng can ignore it, or he can just say it lightly, it's just money.

Ye Feng thought for a while and said, "In this case, I'll call Yang Qingzhi first and see what he says."

"Okay, you communicate with him."

Seeing that Ye Feng was about to call Yang Qingzhi, Wen Yueqi nodded and hung up.

Ye Feng found Yang Qingzhi's number and dialed it.

Soon, Yang Qingzhi's laughing voice came over the phone: "It should be about 3 o'clock in the morning in China now, why are you still not asleep yet?"

"I just finished some things, so I didn't sleep."

Ye Feng asked straight to the point: "What did you say about the acquisition of Hilton Hotel?"

"The current stalemate is here."

Yang Qingzhi smiled on the phone and said: "Originally, when we entered the third round of quotations, the price should be almost the same, but at this time, Blackstone came in and the stalemate was here. To put it simply, the Hilton Hotel board of directors wanted us to negotiate with Blackstone. Bid, whoever bids the most gets it.”

Ye Feng asked: "267 billion U.S. dollars?" Yang Qingzhi smiled and asked: "Did you talk to Yue Qi on the phone?"

"Um, yes, I just got off the phone with her."

Ye Feng asked: "267 billion U.S. dollars, how about this price? Is it a bit high?"

Yang Qingzhi said: "Well, it is quite high. Bolenbach, an old fox, saw that Blackstone Group has a special liking for the real estate industry, so he raised a high price for Diaoyutai to let us bid against Blackstone. This is normal. As the chairman of the board of directors of Hilton Hotels, it is understandable that he wants to sell the hotel at a higher price."

Ye Feng said uncomfortably: "But he changed his mind a bit. Didn't he say 240 billion US dollars before?"

"In the face of money and credibility, capital is always on the side of money."

Yang Qingzhi said with a smile: "What's more, the price is much higher, 27 billion U.S. dollars higher. Compared with 27 billion U.S. dollars, credibility is not so important."

Ye Feng thought about it. He was having a lot of trouble with countless brothers and sisters in China over tens of thousands of dollars, let alone 27 billion US dollars?It is estimated that the thoughts of killing people are already there.

As for going back on one's word, it is simply a trivial matter.

Ye Feng came back to his senses and asked, "What are you going to do now?"

Yang Qingzhi said without taking it seriously: "Blackstone's financial pressure is also quite high now. This year, he spent US$56 billion and US$18 billion respectively to acquire most of the assets of American Real Estate Company and Cuizek Real Estate Company. In addition, this year, The global economy is showing signs of shrinking, and Blackstone also needs to consider whether it can gain profits from acquiring Hilton at a substantial premium. I plan to talk to the person in charge of Blackstone in the next two days."

"Well, that's up to you."

Ye Feng didn't know any of the people Yang Qingzhi mentioned, and the only one he could rely on was Yang Qingzhi. However, through Yang Qingzhi's words, Ye Feng discovered that Blackstone Group really had a soft spot for real estate, especially real estate.

But it is.

Nowadays, you can basically make money by investing in real estate. If Blackstone invests in real estate domestically, the profit value will be even higher. Whether it is Yanjing or the Shanghai stock market, it can achieve a rate of return of about 5 times.

"correct."

Yang Qingzhi remembered something at this time and suddenly said: "Do you remember the Freescale I mentioned to you last time in Lucerne? It was acquired by Blackstone three months ago for US$176 billion."

Originally, Ye Feng didn't think there was any point in giving up Freescale and pursuing Hilton. He had his own world-class hotel, which was quite honorable. However, after being reminded by Yang Qingzhi, Ye Feng felt a little uncomfortable.

After all, Freescale comes from a well-known family. It was originally the semiconductor assembly department of Motorola. It is a real high-tech company. It always sounds very high-end. As a Chinese, it acquired one of the top five semiconductor companies in the world.

And the price of US$176 billion is much cheaper than the current price of US$267 billion proposed by Hilton.

Hearing this, Ye Feng couldn't help but ask: "We gave up Freescale and pursued Hilton. Didn't we lose a bit? Even Blackstone is thinking about acquiring Freescale. This means that the company's prospects are still very good."

Yang Qingzhi said something to dispel Ye Feng's regret, saying: "Blackstone is also thinking about acquiring Hilton, and has quoted a higher price."

(End of this chapter)