activewww.20ren.com

www.20ren.com  时间:2021-03-17  阅读:()
PwCPrivateEquity/VentureCapital2015Reviewand2016Outlook3March2016www.
pwccn.
comPwCTableofcontentsFundraising3Investments8Exits152016outlook22PwCFundraisingPwC30.
020.
413.
021.
219.
817.
221.
119.
429.
229.
2$277$123$130$118$137010203040506005010015020025030020112012201320142015RenminbiFundSizeNon-renminbiFundSizeFundVolumeNo.
US$billionPEandVCfundraisingremainedathealthylevels;thecapitalavailableforfinancialinvestingisconsiderablygreaterthanimpliedbythesenumbersbecauseofthedirectinvestmentactivitiesofinsurers(andotherfinancialinstitutions);governmentandindustryfunds;SOEfunds;private-companyfunds;andHNWIvehicles.
4Source:ThomsonReuters,ChinaVentureandPwCanalysisPE/VCfundraisingforChinainvestment**ExcludesPEsinvestinginChinafromnon-regionspecificfundsPwCIn2015,renminbifundsizefellby7%fromthepreviousyeartoUS$19.
8billion.
Overall,theproportionofnon-renminbifundsizetorenminbifundsizeappearstohavereachedabroadlysteadystate.
64%49%40%42%40%36%51%60%58%60%0%20%40%60%80%100%20112012201320142015RenminbiFundSizeNon-RenmibiFundSize5Funds:ThegrowthofRenminbifunds(2011–2015)Source:ThomsonReuters,ChinaVentureandPwCanalysisPwC2005-2015,FundraisingfortheChinamarketdominatesAsianPEwithmorethanUS$430billionraised(notincludingallocationsfromnon-Chinaspecificfunds).
$430$76$69$59$41$39$28050100150200250300350400450500China/HKJapanIndiaSKoreaSingaporeAustraliaOthersUS$billion6Source:AVCJFunds:Totalfundsraisedbyfundcountry,withgeographicpreferenceinAsia(2005–2015)PwCChinafocusedfundswerealmost10%ofglobalPEfundraisingin2015-aslightpercentagepointsdropcomparedtolastyear.
$341$390$532$486$496$47$42$32$50$49010020030040050060020112012201320142015US$billionWorldChina7Funds:PE/VCfundsraisedinChinavsROW(2011–2015)Source:ThomsonReuters,ChinaVenture,PreqinandPwCanalysisPwCInvestmentPwCWithsomanyfinancialinvestorsactive,thenumberandvalueof"PE"deals(whichincludesothercategoriesoffinancialinvestors)increased79%(byvolume)and169%(byvalue).
5293583925931,062$45.
4$45.
4$35.
4$71.
5$192.
105010015020025002004006008001,0001,20020112012201320142015AnnouncedDealVolumeAnnouncedDealValueNo.
US$billion9Privateequitydeals(2011–2015)Source:ThomsonReuters,ChinaVentureandPwCanalysisPwCTheVCindustry(andtechinvestinggenerally)wasespeciallyhotwithinvestorschasingtechopportunitiesinChinainsearchofperceivedhighgrowthopportunitiesasthegeneraleconomyslowed;earlythroughlatestagefundingroundswereclosed,withsomelargerdeals(recordedinour"PE"numbers)comingfromconsolidationinthetechsector.
9034867381,3342,7352011201220132014201505001,0001,5002,0002,5003,000AnnouncedDealVolumeNo.
10Venturecapitaldealsbyvolume(2011–2015)Source:ThomsonReuters,ChinaVentureandPwCanalysisPwCChinarepresenteda170%sharpincreaseofPE/VCdealvaluescomparedto2014andgrabbed48%worldmarketshare,whilegloballytherewasonlyanearly18%increase.
2722753083484094134367319705010015020025030035040045020112012201320142015US$billionWorldChina11Source:AVCJ,PreqinandPwCanalysisDeals:PE/VCdealvaluesChinavsROW(2011–2015)PwCHightechnologyandconsumer-relatedarestillthetoptwohottestPEdealindustrysectors,especiallyPEdealvolumeinhightechnologyincreasedby40%in2015…5536492244239946858515312674731021322422193572243123613046333559734962234212107152902004006008001000120020112012201320142015OthersRetailEnergyandPowerMediaandEntertainmentMaterialsHealthcareRealEstateFinancialServicesConsumerrelatedIndustrialsHighTechnologyNo.
12Source:ThomsonReuters,ChinaVentureandPwCanalysisPEdealvolumebyindustrysectorPwC…anddealvaluesinhightechnologysectorreachedUS$76.
8bnlastyear,anotablehighincreaseinvalueofalmostsixtimeswasrecorded.
Therewere27PE/financial-buyerdealsvaluedatmorethanUS$1bnin2015,anotherrecord.
1.
53.
36.
213.
376.
817.
33.
924.
51.
52.
019.
89.
217.
84.
317.
09.
39.
110.
98.
45.
31.
415.
402040608010012014016018020020112012201320142015OthersRetailTelecommunicationsEnergyandPowerMediaandEntertainmentHealthcareIndustrialsRealEstateConsumerrelatedMaterialsFinancialServicesHighTechnologyUS$billion13Source:ThomsonReuters,ChinaVentureandPwCanalysisPEdealvaluebyindustrysectorPwCTheoutboundtrendforPEsandfinancialbuyersisnowwellestablished,almostdoublinginnumberin2015fromtheprevioushigh;theseinvestorsaremainlyseekingoverseasassetswith"aChinaangle".
14ChinamainlandPE/Financialbuyerbackedoutbounddealvalueandvolume2726254995$13$12$1$14$16024681012141618010203040506070809010020112012201320142015AnnouncedDealVolumeAnnouncedDealValueNo.
US$billionSource:ThomsonReuters,ChinaVenture,AVCJandPwCanalysisPwCExitsPwC2015firsthalfyearwasthemoststrongestperiodofPE-backedIPOoverthelastthreeyears-therewas89IPOsanddomestic(A-Share)IPOscontinuetobethepreferredexitroute…theIPOactivitysloweddowninthesecondhalfyear.
In2015,PE/VCbackedinvestmentinThreeNewBoardlistedcompaniesreached793.
629595589308566667857355731360204060801001201401602013H12013H22014H12014H22015H12015H2IPOM&A-tradeM&A-PE16No.
Source:Zero2IPO,AVCJandPwCanalysisPE/VCbackeddealexitvolumebytype(2013–2015halfyearly)PwCTradesaleexitsbyM&Ahasreachedalowestlevelsince2011,butIPOactivityremainspositiveaslastyear.
17Source:AVCJandPwCanalysis17198351141191091221511449278124905010015020025030035020112012201320142015IPOM&A-tradeM&A-PEPE/VCbackeddealexitvolumebytypeNo.
PwCAnincreasedtrustintheIPOinChinamarketwasseenandShenzhenStockExchangelaunchesitslargestdomesticIPOinJuneof2015.
1818Source:AVCJ128918217236146432128010203040506020112012201320142015US$billionOthersNYSE/NASDAQShenzhenShanghaiAHongKongExits:ChinaPE/VCbackedIPOexits—amountsraisedbybourse(2011–2015)PwCOverseaslistingsarenolongerpopularforPE/VCbackedissuerswhileAsharemarketattractsmorecompaniestogopublic.
Especially,anewboardofstrategicemergingindustryisgoingtobelaunched,whichisintendedtobringbackoverseas-listedChinesehigh-growthandinnovativecompanies.
19Source:AVCJ27112938311811173710670454811261311041202040608010012014016018020020112012201320142015No.
OthersNYSE/NASDAQShenzhenShanghaiAHongKongExits:ChinaPE/VCbackedIPOexits—numberofexitsbybourse(2011–2015)PwCThenumbersofPEorVCbackedIPOsinChinaexceededintheUSin2015–thefirstyearovertakingafter2012.
20Source:AVCJ,ThomsonReutersandNVCA50488011777172983511411902040608010012014016018020020112012201320142015No.
USChinaExits:PEbackedIPOexitsChinavsUS—numberofexits(2011–2015)PwCThecumulativeoverhangofinvestmentstoexitsremainsaproblemfortheindustry.
Whilethenumberofexitsremainedthesamelevelaslastyear,PE/VCdealvolumedoubledatthesametime.
219034867381,3342,7355293583925931,062116130163148101171983511411905001,0001,5002,0002,5003,0003,5004,00020112012201320142015VCdealsPEdealsM&AexitIPOexitSource:ThomsonReuters,ChinaVenture,AVCJandPwCanalysisNo.
PE/VCdealvolumevsnumberofexitsPwC2016outlookPwC2016outlookTraditionalPEfacesincreasingcompetitionfromotherclassesofdirectfinancialinvestorsincludinginsurers(andotherfinancialinstitutions);governmentandindustryfunds;SOEfunds;private-companyfunds;andHNWIvehicles.
Insomeindustrysectors,therearealsodiversemodesofbusinesscooperation,andnewareasofinvestmentactivelyexploredatthesametime.
Despiteongoingdisruptioninthedomesticequitycapitalmarkets,A-sharerelatedexitsareoftenpreferredduetobettermultiples,andthistendstofavourdomesticPEsovertheirforeigncounterparts.
WeexpectoutboundPEandfinancialbuyerinvestmenttocontinuetogrow.
Wedoexpectexitstoincreaseespeciallyifmarketsstabilise,andalsowithmoresecondary(PEtoPE)activity.
23PwC2016outlook24Overall,full-year2016willlikelybearecordyearforfinancialM&A,albeitnotnecessarilyfortraditionalPEtakenalone.
AccordingtoShanghaiStockExchange,StrategicEmergingBoardwillbelaunchedinthefirsthalfof2016.
Itwillbeconducivetotheconstructionofdomesticmulti-levelcapitalmarket,andprovidethegrowthopportunitiesforinnovativecompanies.
Thetraditionalexitroutecannotsatisfythecumulativeoverhangofinvestments.
Theindustryexpertsareseekingtootherexitplan,suchasNewThreeBoard,etc.
Thankyou2016PricewaterhouseCoopersZhongTianLLP.
Allrightsreserved.
PwCreferstotheChinamemberfirm,andmaysometimesrefertothePwCnetwork.
Eachmemberfirmisaseparatelegalentity.
Pleaseseewww.
pwc.
com/structureforfurtherdetails.

HostKvm四月优惠:VPS主机全场八折,香港/美国洛杉矶机房$5.2/月起

HostKvm是一家成立于2013年的国外主机服务商,主要提供基于KVM架构的VPS主机,可选数据中心包括日本、新加坡、韩国、美国、中国香港等多个地区机房,均为国内直连或优化线路,延迟较低,适合建站或者远程办公等。本月商家针对全场VPS主机提供8折优惠码,优惠后美国洛杉矶VPS月付5.2美元起。下面列出几款不同机房VPS主机产品配置信息。套餐:美国US-Plan0CPU:1cores内存:1GB硬...

wordpress公司网站模板 wordpress简洁高级通用公司主题

wordpress公司网站模板,wordpresss简洁风格的高级通用自适应网站效果,完美自适应支持多终端移动屏幕设备功能,高级可视化后台自定义管理模块+规范高效的搜索优化。wordpress公司网站模板采用标准的HTML5+CSS3语言开发,兼容当下的各种主流浏览器: IE 6+(以及类似360、遨游等基于IE内核的)、Firefox、Google Chrome、Safari、Opera等;同时...

简单测评v5.net的美国cn2云服务器:电信双程cn2+联通AS9929+移动直连

v5.net一直做独立服务器这块儿的,自从推出云服务器(VPS)以来站长一直还没有关注过,在网友的提醒下弄了个6G内存、2核、100G SSD的美国云服务器来写测评,主机测评给大家趟雷,让你知道v5.net的美国云服务器效果怎么样。本次测评数据仅供参考,有兴趣的还是亲自测试吧! 官方网站:https://v5.net/cloud.html 从显示来看CPU是e5-2660(2.2GHz主频),...

www.20ren.com为你推荐
brandoff国际大牌包包都有哪些呐?h连锁酒店全国比较有名的连锁酒店?中老铁路中国有哪些正在修的铁路原代码求数字代码大全?冯媛甑谁知道怎么找到冯媛甄的具体资料?m.2828dy.com电影虫www.dyctv.com这个电影站能下载电影吗?www.baitu.com我看电影网www.5ken.com为什么百度就不上关键字呢partnersonline我家Internet Explorer为什么开不起来梦遗姐男人梦遗,女人会吗?鹤城勿扰非诚勿扰 怀化小伙 杨荣是哪一期
域名网 紧急升级请记住新域名 全球付 idc测评网 174.127.195.202 typecho 网盘申请 最好的空间 京东商城0元抢购 北京双线机房 服务器是干什么的 qq对话框 搜索引擎提交入口 华为云建站 德讯 永久免费空间 成都主机托管 阿里dns 云服务是什么意思 qq空间打开很慢 更多