We are all reborn, who wants to be the richest man?
Chapter 469: The Development of European Wealthy Families 2
“Bain Capital?”
“Yes, Bain Capital’s Australian and European businesses are more cost-effective than acquiring Morgan Griffiths.
First of all, we can increase our business share in Oceania. Secondly, Bain Capital's consulting department is very strong and can complement Far Eastern Bank's business in this area.
By integrating and absorbing Bain’s consulting department, our consulting business capabilities will be raised to world-class levels.
Our internal estimate for the acquisition of Morgan Griffiths is that the price will not be less than US$13 billion. However, it does not require such a huge amount to acquire Bain Capital's business in Europe and Oceania. US$5.5 million should be no problem.
The only drawback of Bain Capital may be that Bain Capital's business in the UK is not large, unlike Morgan Griffiths, which is one of the largest investment banks in the UK. "
If we want to enter the UK and use it as a springboard to enter the European financial market, the fastest way is definitely acquisition.
The first step must be in the UK, but after some research, the Far East Bank team made a comprehensive analysis and felt that acquiring Bain Capital seemed to be more cost-effective, so they shelved the original plan to acquire Morgan Griffiths, one of the largest investment banks in the UK.
Even though it has the word Morgan in its name, it has nothing to do with the Morgan Consortium. It is just a large investment bank in the UK.
With the financial explosion, the status of investment banks will surely rise dramatically, and they may even snatch a large amount of business from savings banks.
For example, those retirement institutions and funds will hand over the money deposited in the bank to the investment bank because the returns are better.
Just like the California Teachers Fund, the second largest fund institution in California, because Honor Games had an intersection with the Far East Group, when Far East Bank established Private Equity No. 1, it took out $100 million and gave it to Far East Bank to manage. The returns cannot be described as high.
An annualized rate of 30% is such a fantastic number, but Far East Private Equity No. has really achieved it.
Three years have passed since the five-year closed period. Based on current returns, when the five-year period expires, the California Teachers' Fund can make a profit of $1.3 million even if it charges half of the management fee as per the contract.
Turning 2.3 million US dollars into million US dollars in five years, the power of this money has made countless pension funds and mutual funds around the world drool, and they are all looking forward to when Far Eastern Bank can set up another private equity fund like this.
It doesn’t matter if the management fee is a bit higher, we can accept it. After all, it’s hard work for you to help us manage the funds.
If 50% management fee is not enough, increase it by 60 percentage points. If that doesn’t work, % will be fine, as long as you open it.
But it was useless for them to wait and see. How could there be a second chance for this private equity fund that Luo Nianzhong had used to make Far East Bank famous?
Now that it has gained fame, Far Eastern Bank will not lack sources of funds as long as the returns of its normal funds can rank among the best among major banks.
"Then do as you wish and acquire Bain Capital, but we will not let go of Morgan Griffiths either."
"Do you mean want them all? But that would cause a huge business overlap and waste of resources."
How could Luo Nianzhong not understand the reason behind Du Huilian's reminder?
"Morgan Griffith, we are just participating, there is someone else leading the charge."
I get it. This is my boss showing off his money ability for love.
Just as the two were discussing Far East Finance's full entry into the European financial market, the outside media had already shifted their focus to this world tycoon.
"A new era for Oxford United, spreading its wings and taking off?"
"The richest man's new toy, Oxfordshire fans warmly welcome the arrival of the tycoon"
The Far East Bank team acted very quickly. Just three days after Luo Nianzhong confirmed the acquisition of Oxford United, the media knew the news.
Luo Nianzhong made an offer that was hard to refuse to the current owner of Oxford United, Robert Williams, for £1180 million.
You should know that four years ago he only spent 175 million pounds to acquire the nearly bankrupt Oxford United. In four years, the amount has more than increased sixfold. The main reason for this is that Oxford United completed a double jump from the third level to the English League One.
The people who are most excited about this news are the fans of Oxford United. Even though Williams brought Oxford United to the top league, all Oxford United fans dislike this boss. There were even fans holding up signs saying "Williams get out" during home games.
Because after Williams acquired Oxford United, he wanted to merge Oxford United with its neighbor Reading and rename it Royal Thames Valley.
This decision not only made Oxford United fans hate him, but also made Reading fans hate him.
After the media broke the news that Luo Nianzhong wanted to acquire Oxford United, Oxford United fans expressed their welcome to him in their own way.
There were all kinds of makeshift welcome banners on the streets, many of which contained slogans calling for Williams to get out as soon as possible.
It's not just the Oxford United fans who are busy, there is another person who is busy too.
Newcastle Northeast, located in the east of Newcastle, is the area with the most industrial buildings.
People living in the Northeast region are basically engaged in the local metallurgical industry or provide related services.
"Sir, we have arrived at the place you are looking for."
"Thank you, Noyce." After thanking the driver in the car, he glanced at his partner who was still sleeping and patted him on the shoulder.
"Hey Archie, we're here."
"Ah? Oh, we're here so soon?
This is my first time riding in a Rolls-Royce and the comfort is amazing.
It's really extravagant, the head coach is equipped with a luxury car and driver, Alex, you will enjoy your life in the future."
Alex who has already got off the bus enjoys these external things and sees through them very well: "Enjoyment? That is earned through hard work. If the team does not perform well, all this will be fleeting."
These two people are the new news released by the media, Oxford United's incoming head coach Alex Ferguson and his assistant coach Archie Knox.
Williams has been tempted by the offer, and whether the price will increase in the end will not change his idea of selling Oxford United, so the person in charge of this matter called Ferguson last night and asked him to be prepared.
Ferguson chose Luo Nianzhong's team and was even willing to wait for another year not because of the high salary. The high salary was a reason but it was definitely not the main one.
He has dreams and it is impossible for him to be satisfied with just letting the team he coaches stay in the top league in England for a long time. Even though there is a transfer fee of 3000 million pounds, Oxford United needs to replace many players.
In order to save money and to better build his own lineup, he thinks that a combination of powerful stars and potential rookies is more appropriate. After all, superstars are not something you can buy just because you want to.
He has enough confidence to avoid relegation with such a combination, and next season he just needs to fill in the gaps based on the performance of these players this season.
Even though there is only half a season left before the winter transfer market, he is already very content. At least he will not have any pressure on performance this season.
Because Oxford United is currently in the second-placed position, how bad can it be? As long as they can successfully avoid relegation, the fans will be satisfied, and more expectations will definitely be in the next season.
"Ring ring" the doorbell rang, and soon a dark-skinned man walked out of the house.
This pitch-black does not mean that the person is black, it just means that he is a very dark type among white people.
"Excuse me, is this Hillekiah?"
"Yes, who are you looking for?"
"Hello, my name is Alex Ferguson and I'm a football coach. Is Alan Shearer home?"
Football coach? Hearing this, the big man became excited, walked closer and looked at Ferguson carefully for a few times before saying in surprise.
"I know you. You are the head coach of the Scottish national team, right?"
The Scottish national team made it to the World Cup finals this year. As the second team from Great Britain to participate in the World Cup, it received a lot of coverage in England.
"Yes, I'm glad you know me. You are Alan Shearer's father, right? I am very optimistic about your son and want to bring him to Oxford United."
"Oxford United? But I would rather he go to Newcastle United."
Uh…
Although Ferguson already knew that this family were avid Newcastle United fans, there was no need to make them so embarrassed.
"I heard that Southampton's youth team has contacted you, and some lower-level league teams also want to sign Alan Shearer, but Newcastle United is not among them."
"That's because the current youth training manager of Newcastle United is short-sighted. I believe Alan has the ability to join Newcastle in the future."
Ferguson nodded, with an expression that showed he agreed with the other party.
"You're right, but how can Newcastle United discover Alan's talent? The best way is to beat them on the field.
Alan is already 17 years old. This is the most critical time for him. Without professional technical and tactical training, how much progress can he make?
Believe me, only professional training can make Alan stronger and bring him closer to Newcastle United."
Old Shearer remained silent. Although he did not agree, his attitude had softened.
"Come in and have a cup of coffee first. We have to wait for Alan to come back and make the decision himself."
After saying that, old Shearer turned around and led the way. Archie Knox behind him raised his eyebrows at Ferguson, as if he appreciated his method.
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