v3 Chapter 658： Stroke Xia Yu Tiger's Beard

Among the top headhunting companies in the world, there is a company that is likely to be acquired. Of course, it is not a wholly-owned acquisition, but a part of the equity to become an important shareholder.

Even part of the equity is enough to make Xia Yu happy.

Moreover, this company that can become a shareholder is Korn Ferry International, which will rank first in the world's headhunting industry in the future.

It is also the company Xia Yu most wants to invest in. Leaving aside the future prospects, the talent pool of Korn Ferry International is the most suitable for Xia Yu. It not only focuses on the level of ordinary executives and Fortune 500 directors, but also develops middle management. Level of hunting and hiring business.

The employees at the bottom can grab a handful of employees. If a large company wants to develop well, it lacks mid-to-high-end talents. Korn Ferry can meet Xia Yu's requirements.

Moreover, Korn Ferry International was also the first to establish a branch in Xiangjiang. Xia Yu is also very familiar with him. If he can become a major shareholder of the parent company of Korn Ferry, the Xiangjiang branch can be classified as his territory, which will greatly help him.

With anticipation, Xia Yu patiently read the two consultation reports, and a hint of clarity flashed in his eyes.

When he saw the otc transaction, he understood why Korn Ferry International had not yet been listed, and part of the equity would have flowed out.

The source of everything was in 1972, which is seven years ago.

Korn Ferry International is the former two heads of KPMG’s West Coast headhunting department, Lester Cohen, and Richard Ferry, founded in 1969 on the West Coast of the United States. It has the spirit of "Western Cowboy" and pioneered in newspapers. Headhunting companies advertise, this strategy has enabled Korn Ferry to rise rapidly.

However, because of this publicity expenditure, the faster Korn Ferry International grew and the larger the publicity expenditure, the company has not been profitable since its establishment.

Until 1972, Lester Cohen, one of the two founders, was in desperate need of money, so he traded 25% of the shares in the OTC market in the United States. Investment company bought it.

When it comes to stock trading, most people think of stock exchanges.

However, you must know that over a hundred years ago, otc over-the-counter trading has appeared. This type of trading has no fixed venue, no prescribed membership, no strict controllable rules and systems, and even no prescribed trading products and restrictions. It is mainly a one-to-one transaction between counterparties through private negotiation.

When it first appeared, because investors at the time could only buy and sell stocks at the counters of the salesrooms opened by securities companies and banks, the over-the-counter market and over-the-counter trading were also named, and the over-the-counter market was officially another name for otc.

Closer to home.

The 25% of the equity that flowed out of Leicester Cohen in 1972 has also changed hands twice in the past seven years. At this time, it was held by a large financial investment company on Wall Street.

Both Goldman Sachs and Merrill Lynch expressed their confidence to help Xia Yu complete the acquisition of this equity.

In fact, after reading the consulting reports given by the two companies, Xia Yu knew that the acquisition problem was not big. After all, he was very clear about the nature of Wall Street financial companies. As long as the US dollar is in place, there is nothing that cannot be sold.

Now if Jiuding Securities is asked to come to the door, he will be sure to acquire the equity.

However, due to lack of contacts and influence, even if Jiuding Securities can complete the task, it will take a long time and may be slaughtered.

This is not acceptable to Xia Yu

Instead, the two Wall Street giants, Goldman Sachs and Merrill Lynch, came forward, but it was easy.

Spend a little money to get equity early and securely, which is absolutely value-for-money.

Therefore, Xia Yu immediately contacted Goldman Sachs and Merrill Lynch. After a comparison, Xia Yu chose Merrill Lynch as his partner in this acquisition.

No way. At this time, Merrill Lynch was stronger than Goldman Sachs, and Merrill Lynch had a very close relationship with that financial company, so it offered Xia Yu a lower price.

On the premise that the success rate can be guaranteed, of course, choose the cheaper one. This is the rule in the business field. The skills are not as good as others. Goldman Sachs has nothing to say, and can only look forward to Xia Yu and Xia Yu's cooperation.

Merrill Lynch is very efficient.

Eight days later, 25% of the shares of Korn Ferry International went to Xia Yu, and Xia Yu paid a price of $25 million.

After all, Korn Ferry International is not listed, and for the sake of development, it has been in a state of loss, so the value is not very high.

Xia Yu didn't know how much profit Merrill Lynch made from it, and he didn't care.

I still remember the previous life, after Korn Ferry was listed in the market value of several billion U.S. dollars, now even if you include Merrill Lynch’s handling fee, based on the valuation of 100 million U.S. dollars, there is still a few times the increase.

Such a large profit margin is a good investment for Xia Yu, not to mention that this investment will strengthen his career.

After the equity was acquired, Xia Yu entrusted Wang Qi to fly to the west coast of the United States to represent him to attend the shareholders meeting after the shareholder change.

Because Korn Ferry has not yet been listed and has never raised funds, the shareholder information is very simple. A company has three shareholders in total.

Respectively, co-founder Richard Ferry holds 49% of the shares and is now the largest shareholder.

The second largest shareholder is the other founder Lester Cohen, who holds 26%.

Originally, Lester Cohen was the largest shareholder holding 51% of the shares. However, he sold so much equity and therefore gave up the chairmanship.

In the end, it was Xia Yu, who was only one percent away from Leicester Cohen.

Although Xia Yu was last, Richard Ferry and Lester Cohen wore the same pair of pants.

But the two also knew Xia Yuming's strong face, and did not want to offend Xia Yu too much.

In addition, Xia Yu asked Wang Qi’s request to have great benefits to Korn Ferry International. Therefore, after some discussions, the head office decided to increase its efforts to develop the Asian market and adjust the original headquarters in Singapore to Hong Kong. For the Asian headquarters.

Korn Ferry International Xiangjiang Branch accepts the leadership of the parent company, but Xia Yu also has the right to manage it.

After confirming, Xia Yu immediately summoned the general manager of Korn Ferry International Xiangjiang Branch and his old friend Robert Joyce.

For his first major customer to become one of his bosses ~ www.novelhall.com ~ Robert Joyce also fell into a mess for a while, but fortunately he quickly recognized the facts.

After that, the Korn Ferry International branch received a large amount of resources invested by the parent company. One of the new bosses Xia Yu gave him instructions and drew a huge pie. Robert Joyce enthusiastically invested in recruiting talents for Xia Yu. In his great cause.

A weakness in his career is beginning to make up, and Xia Yu feels more relaxed.

It's just that there are always people in this world who don't want Xia Yu to live a leisurely life.

An overseas phone call from London destroyed Xia Yu's good mood.

The call was made by Hua Shengshi, who was buying antiques for him. Someone was secretly trying to kill Hua Shengshi or Xia Yu behind him as a fat sheep, and he was vicious and sinister.

After hearing what Huashengshi said, Xia Yu was annoyed

The tiger doesn’t show off his might, he really treats him as a heokitty

The most powerful hero of rebirth

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