John Wiley & Sons Money Machine Cover An extraordinary tale of an American firm's astounding success in China In Money Machine: A Trailbl.. Product #: 978-1-394-16120-1 Regular price: $30.75 $30.75 Auf Lager

Money Machine

A Trailblazing American Venture in China

Shan, Weijian


1. Auflage Februar 2023
336 Seiten, Hardcover
Wiley & Sons Ltd

ISBN: 978-1-394-16120-1
John Wiley & Sons

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An extraordinary tale of an American firm's astounding success in China

In Money Machine: A Trailblazing American Venture in China, Weijian Shan delivers a compelling account of one of the most significant deals in private equity history: the first and only foreign acquisition of control of a Chinese national bank. Money Machine is the fascinating inside story of the transaction as told by the man who led it, from the intrigues of dealmaking to the complex and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution, a feat that had never before been attempted, nor has it been repeated.

Shan also describes the astonishingly successful turnaround of the institution under the control of the American firm: the clash of cultures, the growth to strength and profitability, and ultimately, the extraordinarily profitable exit from the investment. In the process, he reveals new insights into how finance operates in China's capital system and how private equity firms can add real value to companies. Readers will also find:
* A peek behind the curtain of a process usually shrouded in secrecy: private equity dealmaking and moneymaking
* The complex negotiations between American private equity executives and Chinese regulators to implement a series of unprecedented changes
* The riveting details of the challenges that had to be overcome to return the bank to growth and profitability

An exceptional firsthand account of truly singular deal-making and money-making, Money Machine will be of interest to investment bankers, investors, financial analysts and anyone who appreciates a suspenseful, true-life story.

Foreword by Frank Newman: An Extraordinary Journey xi

A Note from the Author xiii

Part I Courtship 1

Chapter 1 An Unexpected Question 3

Chapter 2 A License to Print Money 11

Chapter 3 The Craft of Private Equity 19

Chapter 4 A Special Time and Place 29

Chapter 5 Dancing with the Wolves 41

Chapter 6 Rolling Faster 55

Part II Fight 73

Chapter 7 Tug of War 75

Chapter 8 Behind the Scenes 85

Chapter 9 Roller Coaster 97

Chapter 10 Transition to Nowhere 107

Chapter 11 "Nut Case" 117

Chapter 12 Untying the Knot 127

Part III Transformation 141

Chapter 13 Making History 143

Chapter 14 Righting the Ship 153

Chapter 15 Bank Repairman 169

Chapter 16 Game of Chicken 185

Chapter 17 Window of Opportunity 193

Chapter 18 Mariana Trench to Mount Everest 205

Part IV Exit 215

Chapter 19 Coveted Prize 217

Chapter 20 Flavor of the Day 227

Chapter 21 Financial Tsunami 237

Chapter 22 Stars Align 251

Chapter 23 Turning Point 265

Chapter 24 A Deal That Shakes 277

Epilogue The Kingdom of Freedom 293

Acknowledgments 301

About the Author 303

Index 305
WEIJIAN SHAN is Co-Founder and Executive Chairman of PAG, a leading private equity firm in Asia. Formerly, he was a partner at the private equity firm TPG and co-managing partner of TPG-Asia (formerly known as Newbridge Capital). Prior to his career in private equity, Shan was, at different times, a managing director at JP Morgan and a professor at the Wharton School of the University of Pennsylvania. He holds an MA and a PhD from the University of California, Berkeley, and an MBA from the University of San Francisco. Shan is member of the Board of Trustees of the British Museum and the International Advisory Council of the Hong Kong Stock Exchange. He is also the author of Out of the Gobi: My Story of China and America and Money Games: The Inside Story of How American Dealmakers Saved Korea's Most Iconic Bank.