Chapter 557

KKR group is not the most powerful one among the investment companies on Wall Street. However, this company has its own unique business model and has a foothold in the global capital center of Wall Street. KKR group was founded in 1976 by Kravis, Roberts' cousins and Kohlberg, their mentor when they worked at Bear Stearns, one of the top five investment banks. The company's name comes from their initials.

KKR group is a famous private equity investment institution in the US stock market. The so-called private equity mainly refers to that its funds come from a small number of private investors and institutional investors, rather than raising funds through public channels such as the New York Stock Exchange by issuing stocks and bonds. In addition to the characteristics of the sources of funds of general private placement, the most different point of KKR group is that the company often adopts highly leveraged acquisition methods.

At the beginning of its establishment, KKR group's main source of funds was bank loans. They borrowed funds from banks by relying on their own contacts, and then put them into the stock market to be small and broad, often presenting cases of small snake swallowing elephant. Thanks to KKR's excellent investment level, although the risk of leveraged buyout is very high, the return is often huge. Relying on this unique skill of leveraged buyout, KKR has become a star investment company on Wall Street from a small workshop company.

KKR now manages enterprises with a market value of nearly 50 billion US dollars, and their financing methods are more smooth. Bank loans are no longer the main source of leverage for KKR. KKR now relies on Issuing junk bonds (bonds that are not rated by standard & Poor's and whose yields are not guaranteed, but may also be cashed normally) to raise funds. Once a company is targeted by KKR, it often turns into meat on the chopping board. KKR will suck every drop of the company's bone marrow before selling it.

This time, KKR focused on Motorola, not because Motorola had something to invest in, but because Motorola became the lifeblood of the battle between Yota communications and at & T.

Yota communications has placed a heavy stake in the iridium program, and now it can't go back. If KKR controls the board of directors of Motorola to withdraw from the iridium program at this time, Yota communications will suffer huge losses. For at & T, Motorola is equally important. If KKR sells its shares to at & T, Yota communications will be forced to die. By then, at & T may be able to take a stake or acquire the mobile communications king.

KKR's investment is nothing but a tiger's bite. However, both Yota communications and at & t have overlooked this weakness of Motorola. KKR's capital blackmail is doomed to eat Yota communications and at & T. However, according to the report of the Peng Bo news agency, KKR is more optimistic about at & T, because everyone on Wall Street knows that Goldman Sachs and Morgan Stanley are on the side of at & T in this communication battle. Without Motorola's satellite technology, Yota communications will never be able to turn over.

EVA regrets for her carelessness. All along, EVA only pays attention to Yota's leading edge in technology and ignores the problem of capital. Yota's willingness to go public has limited the development of Yota communications in disguised form. Now, it's useless to bet all the funds of the whole Golgi system. No matter how rich Xie liaosha is, he can't compete with top investment banks such as Goldman Sachs and Morgan Stanley.

The news of KKR's attack on Motorola soon spread all over the Wall Street investment community. At this time, those investors on Wall Street finally understood the logic of investing in Motorola. Everyone began to eat into Motorola's stock crazily. Everyone wanted to take a share in Motorola's stock before the American telephone and Telegraph Company took the hand.

However, to make money, it is not enough to buy Motorola's shares. According to the current situation, at & T only needs to take another 10% of KKR's shares after it takes another 20% of KKR's shares, because once a company gets 30% of the shares in the open market, it can apply to the New York Stock Exchange for an offer of acquisition, that is to say, Now whoever gets 10% of the chips first has the right to negotiate with the rich at & T.

EVA originally tried to find some partners from Wall Street to try to make the same acquisition for Motorola, but EVA's action was too late. Wall Street investors are not optimistic about her. What's more, Motorola's stock price is almost one price a day now. If EVA wants to prevent Motorola from being acquired, it will cost a lot of money. It's far beyond what Yota can handle. Now, even if you take out all of Yota's working capital, you can't take 30% of Motorola's shares.

In desperate circumstances, EVA can only contact Xie liaosha again. When Xie liaosha learned the news, he also felt a little tricky. All along, EVA's Yota communication has been developing smoothly. I never thought that one day it would be driven to the end by a small KKR.

"How long will our satellite communication experiment be completed?" Xie liaosha tries his best to calm down. He doesn't want EVA to worry too much about these things. Yota communication has never been in touch with the capital market since its development. It has always been Xie liaosha's private investment. Excessive protection makes Yota communication lack of vigilance and vigilance against Wall Street. He has some connections in the UK investment community, but he has no foundation in the US. Besides, behind at & T stands the super luxury investment lineup of Goldman Sachs and Morgan Stanley. Not to mention shariosha, even all the banks in the Soviet Union are not rivals of the two investment banks.

"It will take about a year and a half, but now Motorola's attitude has changed. I'm afraid the other party will break the contract!" EVA lost said.

"EVA, don't worry about Motorola. Iridium plan goes on. I'll take care of the rest?" Xie liaosha comforted EVA on the phone.

"But Xie liaosha..."

"It's nothing, but don't worry, I'm sure of it!" Xie liaosha interrupts EVA's words and guarantees to come back again.

……

In the office buildings of Wall Street in New York, two founders of a small investment consulting company are carefully reading all the public information of Yota communication since its establishment, so that they can have a deeper understanding of the company. On the doorplate of the company's office, there is a humble name - Blackstone.