【M & A and post-investment management】-A Case Study of Company TSG

Abstract

This article aims to discuss the use of capital market mergers and acquisitions to solve the two major problems of Taiwan's succession of small and medium-sized enterprises and the exit of listed cabinets The case study of the history of mergers and acquisitions in Taiwan's capital market in recent years and the merger and acquisition history of the Taiwan Steel Group Through corporate venture capital (CVC) or private equity fund (PEF)， initiating mergers and acquisitions， whether it is LBO or MBO， can effectively solve the troubles of small and medium-sized business owners for family inheritance， allowing enterprises to inherit， It can also solve the exit of companies with poorly-listed cabinet management， but post-investment management after mergers and acquisitions is a question of a university Therefore， through the case study of the successful merger and acquisition of the Taiwan Steel Group， the financial benefits and stock price trend of the subsidiary Chunyu's post-investment management as a reference The outline of this article is as follows: 1 Succession problems of the successors of small and medium-sized enterprises: 2 Taiwan family heritage management and tools: 3 Design of withdrawal mechanism for listed companies in the capital market: 4 Understand the main tools of capital market to initiate mergers and acquisitions: corporate venture capital CVC and private equity fund PEF 5 Operation process and risk management of PEF 6 Post-investment management: from investment to management 7 Case Study: Introduction and History of Taiwan Steel Group (TSG) 8 Comparative analysis of the financial performance of the three years before and after Chunyu M&A: The financial performance after M&A has grown significantly 9 the key to the success of post-investment management: people-oriented

Date of Award	2020
Original language	English
Supervisor	Hsi-An Shih (Supervisor)