An extraordinary tale of an American firm's astounding success in
China
In Money Machine: A Trailblazing American Venture in China, Weijian
Shan delivers a compelling account of one of the most significant deals
in private equity history: the first and only foreign acquisition of
control of a Chinese national bank. Money Machine is the fascinating
inside story of the transaction as told by the man who led it, from the
intrigues of dealmaking to the complex and uncharted process of securing
control by a foreign investor of a Chinese nationwide financial
institution, a feat that had never before been attempted, nor has it
been repeated.
Shan also describes the astonishingly successful turnaround of the
institution under the control of the American firm: the clash of
cultures, the growth to strength and profitability, and ultimately, the
extraordinarily profitable exit from the investment. In the process, he
reveals new insights into how finance operates in China's capital system
and how private equity firms can add real value to companies. Readers
will also find:
- A peek behind the curtain of a process usually shrouded in secrecy:
private equity dealmaking and moneymaking
- The complex negotiations between American private equity executives
and Chinese regulators to implement a series of unprecedented changes
- The riveting details of the challenges that had to be overcome to
return the bank to growth and profitability
An exceptional firsthand account of truly singular deal-making and
money-making, Money Machine will be of interest to investment bankers,
investors, financial analysts and anyone who appreciates a suspenseful,
true-life story.
