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我们应该责怪摩根赚多了吗?应该指责牛根生卖贱了吗?说到头来,还是国内的资本市场没能满足企业成长对资金的需求摩根士丹利、鼎晖、英联三家境外投资机构投资蒙牛一案的成功,引起了投资界、实业界广泛的关注,甚至部分争议。这三家私募投资者向蒙牛投入约5亿元人民币,在短短三年内获投资回报约26亿港币,投资收益回报率约500%。有些评论据此认为,摩根等投资方赚得太“狠”,其与牛根生为首的蒙牛管理团队签定的“对赌合约”使资方处于进攻退守的有利局面,若蒙牛成长达不到预定要求,那么他们可以控股蒙牛,若蒙牛成长得好,他们退出时则赚得盆满钵满。
Should we blame Morgan for making more money? It should be accused of Niu Gensheng sell cheap? At the end of the day, or the domestic capital market failed to meet the business growth of the demand for funds Morgan Stanley, CDH, the British joint investment in three foreign investment Mengniu The success of the case has aroused widespread concern and even partial controversy from the investment community and the industry. The three private equity investors invested about 500 million yuan in Mengniu and a return on investment of 2.6 billion Hong Kong dollars in just three years with a return on investment of about 500%. Some commenters believe that Morgan and other investors earn too “ruthless”, and Mengniu led by Niu Gensheng management team signed a “bet on the contract” so that the employer is offensive retreat favorable situation, if Mengniu growth does not meet the predetermined requirements , Then they can control Mengniu, if Mengniu grow well, they earn pours when withdrawn.