为什么中国PE并购看重治理和退出？
中国私募股权交易不只是估值谈判。基金需要证明投资后能改善治理、推动增长并实现退出，因此会重点审查财务质量、管理层、控制权、保护性条款和退出路径。
交易类型
常见类型包括控股收购、少数股权投资、增长资本、老股转让、管理层收购和基金退出。
估值重点
估值应关注可验证EBITDA、现金流、客户集中度、毛利率、应收账款、资本开支、治理质量和退出可比案例。
尽职调查重点
尽调应覆盖财务、税务、股权、关联方交易、客户合同、管理层激励、诉讼、牌照和合规事项。
Lyndon如何协助
Lyndon可协助企业主、PE基金和顾问准备估值、资料室、投资亮点、风险清单和交易执行。
About the Author
Daniel Bae
Co-founder & CEO, Lyndon Advisory
Daniel is an investment banker with 15+ years of experience in M&A, having advised on deals worth over US$30 billion. His career spans Citi, Moelis, Nomura, and ANZ across London, Hong Kong, and Sydney. He holds a combined Commerce/Law degree from the University of New South Wales. Daniel founded Lyndon Advisory to solve the pain points in M&A, enabling bankers to focus on what matters most — delivering trusted advice to clients.
About Lyndon Advisory
Lyndon Advisory is an M&A advisory firm built for Asia Pacific. We help business owners sell their companies and investors make strategic acquisitions with senior-led execution, disciplined process management, and AI-supported buyer intelligence.
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