My Age of Investment

  Chapter 1059 Iron Man

After the two parties dispatched personnel to work out the details of the cooperation, Xia Jingxing did not stray in the slightest, and immediately arranged for Abel to withdraw US$1 billion from Envision Capital’s US$13 billion cash reserve account and inject capital to Greenlight Capital. The latter was responsible for creating a short position. Lehman Brothers' special investment fund.

  The profit sharing method of the fund is still the old industry rule, 28% distribution, of which 20% belongs to Greenlight Capital, and the other 80% belongs to the investor of Vision Capital.

   Regarding this profit distribution plan, Einhorn did not have much opinion. Although Greenlight Capital is already well-known in the industry, there are not many investors who invest 1 billion US dollars at a time, at least he has not encountered it.

  Why don’t you earn the money delivered to your door?

Xia Jingxing didn’t bother about the benefit allocated to Greenlight Capital, because Lehman Brothers is a huge prey, and Envision Capital has already targeted the fattest two hind legs. It can also lift the meat faster and save effort.

  Einhorn can stand in front of the public and fight against Lehman. If he succeeds, he can be awarded the title of "Dragon Slayer Warrior".

  But there is no need for him and Envision Capital to venture out of this limelight. The idiom after the fall of autumn contains the wisdom of the ancestors, which should be remembered by future generations.

The status of Lehman Brothers in the United States far exceeds that of the domestic "three middles and one China". Its collapse has caused a systemic financial crisis across the United States. With public grievances boiling, the ghost knows whether there will be scapegoats being targeted. .

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  US$1 billion was quickly credited to Greenlight Capital, and the fund closed.

  This made the last trace of doubt in Einhorn's heart completely disappeared. The sincerity of Envision Capital is really sufficient!

  Even if it is a knife for someone, the price is worth it.

  While deploying the short investment of the new fund, he opened fire on Lehman Brothers, slapped with Fuld, and the people who ate melons saw that it was overwhelming.

  In May, Einhorn gave a speech like shorting United Capital six years ago and publicly pointed out the various problems with Lehman Brothers.

  This time, Einhorn came with a detailed investigation report. He recruited to hit Lehman Brothers' vitals, and the impact and damage caused far exceeded the last time the investor met with trouble.

As the time was approaching the release of Lehman’s second quarter earnings report, Fuld, who knew that the lid was almost out of cover, was busy looking for the lid. In addition, he hated Einhorn, so he arranged for the company’s CFO Irene. ·Karan and Einhorn conducted "private communication".

  This communication is like a fire from a sky thunder, hooking out a terrific thing.

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  Xia Jingxing, accompanied by Abel, walked into a seven or eight-story building on Fifth Avenue in New York.

  As soon as you enter the small building, you can see exaggerated comic characters painted on the walls of the corridors, such as Iron Man, Spiderman, Hulk, Thor...

  Xia Jingxing stopped, pointed to the wall and said, "Very handsome, isn't it?"

  Abel laughed to the side, "It's very handsome, but it doesn't look like a good business."

  "Why use the word "business" to describe it, can't it be a dream? We are here to help Marvel fans realize their dreams. You must remember this, and don't miss it later."

   Abel smirked, and felt a little disapproving of Xia Jingxing’s words in his heart.

  I believe you a ghost!

  According to his understanding of the boss, it must be the connotation value of this shabby comic company that no one has discovered that attracted the boss’s attention.

  After all, the boss is well-known in the industry, and it is recognized that his investment vision is first-rate.

   Again, the boss’s vision is only proven in the two major areas of VC investment and secondary market investment. Buyout controls the acquisition of equity, and it is the first time that Envision Capital has been established for so many years.

This first shot is not aimed at the technology, Internet, and financial fields that the boss is familiar with, but at a cultural and entertainment company that involves comics, movies, games, and other related peripheral products, and it is still a company that has been ruined for many years. This makes Abel had no bottom in his heart.

  Holding acquisitions are not VC investments, and the amount of each investment is quite large, which imposes a higher hit rate requirement on fund managers.

  If you miss a hit, there may not be a chance to fire a second shot, because the cost is almost gone.

  A few months ago, Xia Jingxing asked him to be responsible for raising a new PE fund with a scale of 5 billion US dollars and named it the autumnal equinox.

  The scale of the Autumn Equinox Fund is not small, but everyone is here to invest in Ari with Vision Capital to obtain a remarkable record. Once the investment is frustrated, the reputation that has finally been built up will be broken.

   may not affect other departments and funds, but the rise of PE funds within a few years is completely out of the question.

  As the person in charge of the Autumn Equinox Fund, he will also die with the fund.

  Xia Jingxing could guess some of Abel’s doubts and Xiao Jiujiu, but he did not explain too much.

  He never had a wave of battle this time, but made a plan and then moved.

  PE growth stage equity investment, Envision Capital has invested in several cases, such as Ari, Huiyuan Juice, etc. The investment logic is similar to VC, which is a free rider.

  It doesn’t matter if the fund’s operating level is almost the same, because when investing, the target company’s business model and size are relatively mature, just wait for the investment dividend to arrive.

  In the case of holding holding acquisitions, this is a test of ability and requires the fund team to deeply participate in the transformation and strategy formulation of the company.

  So for so many years, Envision Capital has not rashly attacked.

  Now that he feels that the time is ripe for him, he should also try his best in the acquisition market.

  He didn't choose particularly complicated cases. The current Marvel is not big, and it just happened to be stuck on the eve of take-off, which is suitable for practice.

  If there is an opportunity in the future, Envision Capital will still get involved in more complicated acquisition cases.

Like the king of consumer 3G Capital, it controls Budweiser InBev, the world’s largest beer manufacturer with more than 300 brands such as Budweiser, Corona, Harbin Brewery, etc. It also controls restaurants such as Burger King, Oreo, Qudodo, Heinz, etc. , Food manufacturing brand.

A total of two Fortune 500 food and beverage companies, a chain catering company with revenue comparable to McDonald’s and Yum! rise.

  Vision Capital is actually about to evolve into this kind of world's top capital, but the operating experience is still slightly insufficient and needs to be strengthened.

  Xia Jingxing chatted with Abel, then walked through this corridor and walked into Marvel Company.

   On the wall behind the front desk is a signboard "MARVEL" with a red background and white characters, which is translated into Marvel Comics in Chinese, but Xia Jingxing is still accustomed to calling it Marvel.

  The front desk led Xia Jingxing and Abel into an office where a white man in his sixties sat.

  The old man’s eyes were sharp and his back was straight. When he saw Xia Jingxing and Abel walk in, he quickly squeezed a little smile on his face, got up and handed out his hand to greet him: "Dalun, Abel, welcome to Marvel!"

   "Mr. Parmut, you are polite."

  Xia Jingxing shook hands with him, while looking at the largest shareholder of Marvel in front of him-Ike Pamut.

The opponent was a Jew and had served as a soldier in Israel. In the 1960s, he participated in the famous "Six-Day War", that is, Israel took over 60,000 square kilometers from Egypt, Jordan and Syria in just six days. The battle of the land.

After retiring from the military, he was in his twenties and went to the United States. With his Jewish identity and business acumen, he worked hard for more than forty years. From a poor boy sleeping on the streets, he became the largest shareholder of Marvel. It can be called an inspirational figure.

  However, it is precisely because of being too shrewd that its reputation in the industry has not been very good.

   Warmly greeted Xia Jingxing and Abel to sit down, and asked the secretary to bring coffee, Pamut said with a smile: "Dalun, you are now a big red on Wall Street, why do you want us to visit Marvel?

   Let me first declare that Marvel’s assets that can be mortgaged and sold are almost processed.

  You are here with us, but you can't find any good investment opportunities. "

   Abel chuckled, "Mr. Pamut, you are misunderstood. Envision Capital is not an investment bank or a commercial bank. We do not do mortgage loan business.

However, I heard that Marvel did almost deal with the assets. You pledged the film adaptation rights of 10 comic characters to Merrill Lynch, loaned 525 million US dollars, and prepared to shoot a comic adaptation film to explore more for the company. Maybe right? "

Pamut’s muddy eyes flashed a little, and he smiled and said, “Your news is quite well-informed. Yes, Marvel Pictures does have a plan to adapt a movie from a comic, but it’s not ready to be filmed, but the filming has been completed. I will meet with the audience in a few months.

  If you are interested, I will ask someone to send you two tickets for the premiere.

  If you think our movie is good, we can try to cooperate in the future. "

  Abel was about to speak, but was stopped by Xia Jingxing's gesture.

  Xia Jingxing smiled and looked at the old man, "Mr. Pamut, IMHO, "Iron Man" is not a good choice for adaptation. If it were me, I would definitely choose to adapt "Spiderman". This will definitely make money."

  Pamut said in a light tone: "Then you have a wrong idea, "Spider-Man" is in Sony's hands."

   "We can help Marvel get it back!"

  (End of this chapter)