Chapter 678： It turned out to be for me? angry!

Yang Cheng’s utterly loud words immediately resounded through the coffee shop. The tone sounded like a reprimand from a boss to his subordinates, and a confrontation between enemies. In short, this attitude was tough, disdainful, and uncomfortable, and successfully caused three The vigilance of a big brother.

Nasetta had a solemn expression, and Hamilton James had a playful expression. Only Jon Gray, who was considered to be the successor to the president of Blackstone, had a little more appreciation in his eyes.

To be honest, in the eyes of several top consortia, Blackstone is regarded as one of the nouveau riche. Although the wealth of this nouveau riche is far superior to that of its peers, it does not have a long history, which is the biggest regret of the Blackstone Group.

Jon Gray is different from James or his boss Schwarzman. He is much more low-key. Schwarzman has a net worth of more than 10 billion. According to estimates given by the latest service list, there are about 10.8 billion. U.S. dollars, as a tens of billions of dollars rich, Schwarzman is also at the forefront of Wall Street, living in luxury is in line with people's stereotypes of the rich, Schwarzman's luxury parties are well-known in the circle.

Speaking of the Blackstone Group, it is really an accident. Schwarzman and Peterson, the former Nixon ZF Secretary of Commerce, founded Blackstone in 1985 after failing in a power struggle for control of Lehman Brothers.

Now they must be very happy to have lost in that fight, because now Blackstone has invested mainly in so-called alternative asset managers with a total of about 280 billion US dollars for rich people, university endowments, pension funds, sovereign wealth funds, and companies. For private equity transactions, hedge funds, and other profound, remote and high-risk opportunities.

One reason for Blackstone's success is that it attracts and relies on young talents, or that the boss Schwarzman is willing to delegate power to his subordinates and concentrate on being a big boss who pays dividends and looks at the income statement, spending more time on enjoying life, and It is not endless soaking in the office, leaving everything to professional managers to handle, so that there are many executives including James to display their talents.

And Jon Gray is also one of the best.

He spread his hands and spoke very frankly that made Yang Cheng instantly change his face, "Jason, we can’t tell the truth. We are more willing to use 25% of Hilton Group’s shares with New Times Media than a cash acquisition of more than $6 billion. To replace the shareholding."

Yang Cheng stared at her, and glared at him. He didn't expect that the other party had come to him, and all orders were nonsense. New Era Media was the prey of the Blackstone Group.

I dare not say that if 25% of the Hilton Group’s shares are valued at US$6.5 billion, and Yang Cheng is willing to complete the equity replacement, then Yang Cheng’s holding position in New Era Media will collapse in an instant. Yang Cheng does not think Blackstone Group After the replacement of equity, the new era media will be ignored, and the company will be allowed to develop on its own and wait for profits. This is not the style of Blackstone, but they are the best private equity operations.

The anger in Yang Cheng's heart is unspeakable, and the fire-breathing eyes stared at Jon Gray's indifferent smiling face. This expression that he always liked the most was so disgusting on other people's faces.

Similarly, there was a strong sense of betrayal in his heart. He was invited by Paris Hilton to come to the appointment. He didn't expect to cooperate with others to set up a set for himself. It was really a good calculation.

Of course, if Yang Cheng had a leisurely glance at Paris at this time, the change found that her pretty face was full of panic. Obviously she did not know about Jon Gray’s sudden attack, and she also understood what it meant once the equity swap was completed. What the hell, she was scared!

However, Yang Cheng didn’t know anything about it. The flames went straight to the brain at a speed of 80 miles per hour. Although he didn’t mind listing New Era Media and sharing the cake with others after it was bigger, it didn’t mean that. Because he will be threatened to give up the management right of the new era media, these are two different things. Active and passive are completely two concepts.

He knows the power of the Blackstone Group, and he also knows the consequences of his refusal. It is likely to cause a full blow to the Blackstone Group, but he is not afraid. The big deal will break up. I can't play with the table. If this table cake I Disagree, no one wants to eat.

As a result, just as he was about to ridicule him, Jon Gray spoke again, "Jason, don't rush to refuse, first listen to me tell a story."

It seemed that they were discussing, but they didn’t give Yang Cheng the right to refuse to listen to the story. He directly narrated, “I remember that was in August 2006. On behalf of the Blackstone Group, I first contacted Bollenbach, then CEO of Hilton. He is a stubborn president, full of possessiveness for the Hilton Group, but can't stand the sincerity of the Blackstone Group. On the surface, he is open to acquisitions, but has never given up on the price, or that he has no intention of promoting this business at all. "

Gray deliberately increased the word "sincerity". Yang Cheng sneered after hearing this. Sincerity? The threat is almost the same!

Gray continued It’s okay, we never force others to wish, we don’t talk about it if we don’t want to, so I didn’t contact Bollenbach again until May of the following year and told him that Blackstone was willing to come close. Bollenbach’s asking price of $48 per share.

Oh, yes, during this period, the Hilton Group suffered the most severe investigation in history, including all levels of the group, especially Bollenbach was listed as the primary investigation object by the tax department. As a citizen of the United States, how can you evade tax? "

Yang Cheng ignored Gray's "ugly" face, and said in his heart, "So it was through this trick that Borenbach was brought into submission?"

"After a short while, we both agreed to the purchase price of 47.50 US dollars per share in cash, and the total valuation of Hilton was about 26 billion US dollars. In order to complete the acquisition, Blackstone raised about 60 from its own two funds and several co-investors. US$100 million in equity, plus US$20 billion raised from a consortium of 26 large banks, hedge funds, and real estate debt investors, completed this shocking acquisition.

Blackstone is willing to pay such a high price and Hilton itself has a high debt burden, but I persuaded the bank to lend it most of the acquisition funds with lower interest rates, easy repayment plans and less restrictive terms than usual. I believe Jason, you know, usually if a company has operating losses for several consecutive quarters, the creditors will demand immediate repayment of the loan. However, after Blackstone’s efforts, it has successfully reached an agreement with major banks. Our loan does not have any such so-called repayment clause. I personally think it is very foresight, and the later facts have also proved this. "

Yang Cheng didn't even intend to hear Gray put gold on his face. Isn't it to remind himself of the strength of the Blackstone Group? (https://)

Please remember the domain name of this book's first publication:. Mobile version reading URL: