v3 Chapter 758： Initiate an acquisition (2/2)
If Xia Yu's Polaris Capital can come up with money that exceeds their psychological expectations, I believe that Coller Perkins will not waste more than half a year waiting for an unknown.
After reading the information, Xia Yu called Peter Lynch and convened the acquisition team to study the specific acquisition plan.
Xia Yu swept across everyone’s faces and set the tone first: “My goal is to acquire the shares of Coller Perkins, York Capital, and Conston Capital, and to suspend Genentech. Listing process.”
”The second step is to acquire as much equity as possible from Professor Herb Boyle on the basis of completely retaining Professor Boyle!”
At this moment, Genentech’s most valuable company is Professor Herb Boyle, who won the Nobel Prize, followed by his scientific research team and the patents for drugs that have been developed. As for other laboratories, production lines, etc. , It is not important at all, you can buy better ones if you have money!
In any company, the most valuable are people.
This is even more obvious in companies with a high proportion of scientific research, and Genentech is still in its early stages of growth, and the value of people is almost concentrated in Professor Herb Boyle.
”Chairman, in accordance with normal procedures, Genentech will be listed on the Nasdaq in September or October. Now the market generally value Genentech at between US$100 million and US$150 million. We want to acquire the equity in the hands of three venture capital companies. Under the temptation to go public, we have to invest at least US$100 million, or even US$150 million.”
A middle-aged subordinate of the acquisition team stood up and said.
Xia Yu immediately replied: ”Money is not a problem. Now the company's initial capital is 100 million U.S. dollars. I can apply for more funds. As long as there are suitable projects, one billion U.S. dollars can be injected.”
”I want to state here that the consortium behind the company has enough strength~ In the future investment and acquisitions, funding issues are not in the scope of consideration!”
As soon as this remark came out, everyone present was refreshed and realized that the company they joined was not as simple as it seemed.
But isn't this better?
In an instant, everyone's sense of belonging to the company greatly increased.
...
”The difficulty now lies in how to convince the three venture capital companies to give up the idea of going public and sell their equity to us in advance!”
After everyone discussed, Peter Lynch concluded his speech.
”Chairman, now Genentech is already in the process of going public, the sooner the acquisition, the better, so I suggest that it be divided into three acquisition groups and proceed at the same time.”
After speaking, everyone turned their attention to Xia Yu.
This was in line with Xia Yu's heart. He nodded and said, ”Well, there are three acquisition teams. I will be in charge of one and you will be in charge of one. Who is willing to take the initiative to stand up for the remaining one?
”I!”
”Chairman, I am willing!”
”Chairman, I can do it!”
Several people rushed to say.
The corner of Xia Yu's mouth raised slightly. After asking a few people to explain their ideas, they ordered the one with the best idea to be the acquisition team leader. The others were assigned to three teams, and then the missing manpower reported to Peter Lynch. , The rest of the deployment company comes in.
After that, several meetings were held, and the complete acquisition plan and independent action plan were made.
On March 10th, Xia Yu called everyone to gather in the company's conference room, and after expressing some inspiring ideas, he immediately announced his action.
The three acquisition teams were dispatched at the same time and set off for the three companies.
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