Recast youth

Chapter 1703 Lack of Money
Wen Yueqi also knew that Chen Huang and Ye Feng were not very involved in the group's work, so she said to Yang Qingzhi in Chinese: "Our company's private equity fund, essentially, what we are engaged in is to find undervalued companies, then invest, and after the value rises, we will It’s sold.”

"understood."

Chen Huang also communicated in Chinese and said jokingly: "It turns out that we are high-level reselling intermediaries."

Wen Yueqi said angrily: "That's really ugly."

Although Ye Feng was a little disappointed that the Hilton Hotel was acquired and would be sold in the future, he was not too entangled. In the final analysis, the purpose of starting a company was to make a profit. Ye Feng was more concerned about the "permanent suites" of the Waldorf-Astoria Hotel. ", and couldn't help but ask: "Will my permanent suite in Waldorf-Astoria be taken back?"

"No, it's already yours."

Wen Yueqi then glanced at Chris Nassetta and said, "Let's not talk about this for now. We will communicate in private later."

Chen Huang and Ye Feng both nodded. Without outsiders, it would be fine for them to chat with Wen Yueqi, but with Chris Nassetta, a foreigner, it would be inappropriate for them to keep using Chinese.

They talked a lot, but Chris Nassetta couldn't understand it, and maybe he thought they were conspiring.

After Yang Qingzhi saw Ye Feng and the others finished chatting, he continued to look at a few people and said, "So, what we have to do now is to integrate the Hilton Hotel Group first, and then turn losses into profits as quickly as possible and re-list it."

"Chris Nassetta."

Yang Qingzhi turned his attention to Chris Nassetta: "Now that you are the CEO of Hilton Hotel Group, tell me what you think about the integration of Hilton Hotels, and let us all communicate together."

Chris Nassetta knows that the time has come to show what he can do for Hilton Hotels. He also knows that not only Yang Qingzhi is a giant in the entire United States, including the European PE industry.

Ye Feng, who is sitting next to Wen Yueqi, is also a famous rich man on the Forbes list in the world.

Chris Nassetta sorted out his thoughts and said in fluent English: "I think the first thing we need to do is to carry out a series of reforms and innovations for the Hilton Hotel Group. First, move Hilton's headquarters from Beverly Hills, California to Virginia. state."

Yang Qingzhi, Ye Feng and others nodded.

Now that the Hilton Hotel has been acquired by them, the headquarters must be moved. As for why it was moved to Virginia, Ye Feng doesn't care. He is not very familiar with the United States anyway.

As long as there are Hilton-operated hotels around the world before they are sold, it will be fine.

"Second, replace senior management while further advancing Hilton's franchise strategy and significantly reducing operating costs."

Chris Nassetta continued: "Hilton Group began to experiment with the hotel franchise model about 20 years ago, but they did not push this model to the end. In fact, it was a unique way to expand the hotel business with little capital. This is the best model. Using this model, with little or no investment, hotels with the Hilton brand can appear in corners of the world, which will bring a higher return on investment than self-operated hotels. , through franchising, the hotel basically does not need any investment..."

Chris Nassetta talked about one plan after another.

Ye Feng was also listening. He understood some of what Chris Nassetta said because Yang Qingzhi revealed to him two days ago how to run the Hilton Hotel after it was acquired.

As for the rest, Ye Feng didn't understand it very well. After all, he didn't study hotel management.

End of the meeting.

After Chris Nassetta left, Yang Qingzhi looked at Ye Feng and asked with a smile: "What do you think of the plans Chris Nassetta talked about?" "I don't know the specifics. You can decide after watching."

Ye Feng used a snake oil answer and said to Yang Qingzhi with a smile: "You and Chris Nassetta are professionals in this regard, and I am an amateur, so I'd better not let an outsider lead an expert."

"You are just lazy and unwilling to study."

Yang Qingzhi smiled and shook his head. Since the establishment of the company, he has never seen Ye Feng take the initiative to care about the company's operations. Judging from the business resume that Ye Feng handed over before, is Ye Feng a person who knows nothing?
Obviously not.

And he also understood the business model of Lanshan Company, which was basically managed by Wang Xin. Ye Feng rarely participated in the company's operations personally and was only responsible for some general developments, which proved Ye Feng's laziness.

As for Ye Feng's IQ.

No one in this world will doubt it anymore.

Ye Feng didn't know what Yang Qingzhi was thinking, otherwise he would have rolled his eyes speechlessly, and then said "thank you" to Yang Qingzhi for the compliment.

A few people chatted for a while, and Yang Qingzhi also told Ye Feng some about the current business direction of Maple Leaf Group. The largest investment now is the acquisition of Hilton Hotel.

However, other work is also in progress simultaneously.

Many potential small company analysis reports are constantly being sent to the evaluation department, and projects with a return on investment are selected for investment. But now there is a bit of trouble. In fact, in terms of funds, Maple Leaf Group was originally unable to borrow money based on its size. The reason why such a large amount of funds of 200 billion US dollars can now be loaned depends entirely on Yang Qingzhi's reputation in investment banks.

The acquisition of Hilton Hotels was not entirely funded by private financing. The Maple Leaf Group itself also provided US$40 billion of its own funds, which almost emptied the Maple Leaf Group's funds.

As for the company's financial consulting department, it can also make some money, but because Maple Leaf Group started relatively late, and there is competition from companies such as Goldman Sachs and Blackstone, the money earned by the financial consulting department is not enough for the company's overall development. .

The only good thing is that after the Hilton Hotel Group's acquisition, Maple Leaf Group's reputation has been completely promoted, and more and more companies have hired Maple Leaf Group as investment and financial consultants.

So to put it simply, Maple Leaf Group is currently very short of funds.

This is the consequence of Ye Feng's insistence on going his own way. In the United States, there are many companies or private equity funds of the same type as Maple Leaf Group. For example, Blackstone Group is one example.

But unlike Maple Leaf Group, Blackstone Group is an alternative asset management company. What is asset management?It is to help investors manage assets. Maple Leaf Group’s development model is to develop through its own funds and does not absorb external investor funds. Therefore, this has led to private equity funds such as Blackstone Group now having an asset management of US$1000 billion. , and Maple Leaf Group is facing a shortage of money.

Although Ye Feng had planned this early in the morning.

But it turns out.

Time is a big issue.

Originally, Ye Feng thought that Maple Leaf Group would first develop with about US$50 billion in funds, and then he would go public with Lanshan Company, or make money through other channels, and then he would inject capital into Maple Leaf Group, a private equity fund, thereby increasing his position in Maple Leaf Group. shareholding ratio.

But I never expected that Yang Qingzhi would take such a big step all of a sudden, using US$40 billion of his own funds to deleverage and complete a US$240 billion acquisition.

(End of this chapter)